On December 1, 2008, GHI company purchased equipment worth $129,000. The equipment has a useful life of six years and no salvage value. Assume that the company has adopted a partial-year depreciation policy, where depreciation is taken on a monthly basis. The company uses the straight-line method of depreciation.

Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number. Enter the debit accounts in alphabetical order and enter the credit accounts in alphabetical order.

a) Given that the company's year end is December 31, complete the following table.

Year	Cost of Capital Asset	Depreciation Expense	Accumulated Depreciation To Date	Net Book Value
2008	Answer	Answer	Answer	Answer
2009	Answer	Answer	Answer	Answer
2010	Answer	Answer	Answer	Answer
2011	Answer	Answer	Answer	Answer
2012	Answer	Answer	Answer	Answer
2013	Answer	Answer	Answer	Answer
2014	Answer	Answer	Answer	Answer

b) On October 31, 2014, GHI company sold the equipment for $5,400. Prepare a journal entry to record the depreciation on the disposal and the sale. GHI company has not yet recorded depreciation expense for 2014.

Date	Account Title and Explanation	Debit	Credit
Oct 31	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationAdvertising ExpenseCashCommon SharesCost of Goods SoldDepreciation ExpenseEquipmentGain on Disposal of AssetInterest ExpenseInterest PayableInterest ReceivableInterest RevenueInventoryLoss on Disposal of AssetNotes PayablePrepaid RentRent ExpenseSalaries ExpenseSales RevenueSupplies ExpenseTelephone ExpenseTravel ExpenseUnearned RevenueUtilities Expense	Answer
	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationAdvertising ExpenseCashCommon SharesCost of Goods SoldDepreciation ExpenseEquipmentGain on Disposal of AssetInterest ExpenseInterest PayableInterest ReceivableInterest RevenueInventoryLoss on Disposal of AssetNotes PayablePrepaid RentRent ExpenseSalaries ExpenseSales RevenueSupplies ExpenseTelephone ExpenseTravel ExpenseUnearned RevenueUtilities Expense	Answer
	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationAdvertising ExpenseCashCommon SharesCost of Goods SoldDepreciation ExpenseEquipmentGain on Disposal of AssetInterest ExpenseInterest PayableInterest ReceivableInterest RevenueInventoryLoss on Disposal of AssetNotes PayablePrepaid RentRent ExpenseSalaries ExpenseSales RevenueSupplies ExpenseTelephone ExpenseTravel ExpenseUnearned RevenueUtilities Expense	Answer
	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationAdvertising ExpenseCashCommon SharesCost of Goods SoldDepreciation ExpenseEquipmentGain on Disposal of AssetInterest ExpenseInterest PayableInterest ReceivableInterest RevenueInventoryLoss on Disposal of AssetNotes PayablePrepaid RentRent ExpenseSalaries ExpenseSales RevenueSupplies ExpenseTelephone ExpenseTravel ExpenseUnearned RevenueUtilities Expense		Answer
	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationAdvertising ExpenseCashCommon SharesCost of Goods SoldDepreciation ExpenseEquipmentGain on Disposal of AssetInterest ExpenseInterest PayableInterest ReceivableInterest RevenueInventoryLoss on Disposal of AssetNotes PayablePrepaid RentRent ExpenseSalaries ExpenseSales RevenueSupplies ExpenseTelephone ExpenseTravel ExpenseUnearned RevenueUtilities Expense		Answer