List of Accounts:

Accounts Payable Accounts Receivable Accumulated Depletion Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Advertising Expense Allowance for Doubtful Accounts Amortization Expense Bad Debts Expense Buildings Cash Coal Mine Copyrights Cost of Goods Sold Depletion Expense Depreciation Expense Equipment Franchises Gain on Disposal of Plant Assets Goodwill Insurance Expense Interest Expense Interest Payable Interest Receivable Interest Revenue Inventory Land Land Improvements Loss on Disposal of Plant Assets Maintenance and Repairs Expense No Entry Notes Payable Notes Receivable Ore Mine Other Operating Expenses Patents Prepaid Insurance Rent Revenue Research and Development Expense Salaries and Wages Expense Salaries and Wages Payable Sales Revenue Unearned Rent Revenue

Presented below are selected transactions at Ridge Company for 2015. Jan. 1 June 30 Dec. 31 Retired a piece of machinery that was purchased on January 1, 2005. The machine cost $61,770 on that date. It had a useful life of 10 years with no salvage value. Sold a computer that was purchased on January 1, 2012. The computer cost $36,330. It had a useful life of 5 years with no salvage value. The computer was sold for $13,370. Discarded a delivery truck that was purchased on January 1, 2011. The truck cost $39,000. It was depreciated based on a 6-year useful life with a $3,780 salvage value. Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of. Ridge Company uses straight-line depreciation. (Assume depreciation is up to date as of December 31, 2014.) (If no entry is required, select "No entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 June 30 (To record depreciation to date of disposa) June 30 (To record sale of computer at a gain/loss) Dec. 31 (To record depreciation to date of disposa) Dec. 31 (To record retirement of equipment at a gan/bss) Brief Exercise 10-3 Coghlan Auto Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $30,104. All sales are subject to a 6% sales tax. Compute sales taxes payable. Sales taxes pay ables SHOW LIST OF ACCOUNTS Make the entry to record sales taxes payable and sales revenue. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date Mar. 16 Do It! Review 10-6 Detwiler Orchard issues a $707,674,6%, 15-year mortgage note to obtain needed financing for a new lab. The terms call for semiannual payments of $36,105 each. Prepare the entries to record the mortgage loan and the first installment payment. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to O decimal places e.g. 8,970.) Account Titles and Explanation Debit Credit (To record mortgage loan) (To record semiannual payment on mortgage)