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Jan. 1 Here are selected 2022 transactions of Ayayai Company. Retired a piece of machinery that was purchased on January 1, 2012. The machine cost
Jan. 1 Here are selected 2022 transactions of Ayayai Company. Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $60.000 and had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2019. The computer cost $35.000 and had a useful life of 5 years with no salvage value. The computer was sold for $13,000 cash. 31 Discarded a delivery truck that was purchased on January 1, 2018. The truck cost $33.000. It was depreciated based on a 6-year useful life with a $3,000 salvage value Dec. Journalize all entries required on the above dates including entries toundate depreciation on accets disnosed of where applicable Date Account Titles and Explanation Debit Credit Jan 1 Accumulated Depreciation-Equipment Equipment June 30 Depreciation Expense Accumulated Depreciation Equipment (To record depreciation to date of disposal) June 30 Cash Accumulated Depreciation Equipment Loss on Disposal of Plant Assets (To record sale of computer) Dec 31
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