On January 1st, 2023, Cindy sold one of antique bedframes used in the business for $4,400. She originally purchased it for $4,500, and it had accumulated depreciation of $750 as of December 31, 2022. For grading purposes, input your larger amounts for your debit and credit entries on their respective top rows.

6 On January 1st,2023, Cindy sold one of antique bedframes used in the business for $4,400. She originally purchased it for $4,500, and it had accumulated depreciation of $750 as of December 31,2022 . For grading purposes, input your larger amounts for your debit and credit entries on their respective top rows. 7 Cindy had purchased all of her other hotel fumiture for a total of $22,500. They have an estimated useful life of 6 years (no salvage value). She has not calculated depreciation expense for these remaining Furniture assets vet for 2023 . 8 On February 1st, Cindy decided to start selling local artist's work in her gift shop nook of her bed and breakfast. She purchased shelving and tables to display her retail inventory on account for $3,000. Record the burchase of the shelvina. 9 Cindy determined the shelving and tables that she purchased on February 1 st to have a useful live of 5 years. She uses straight-line depreciation. Record depreciation for this year. 10 Cindy has also allowing small groups to rent her breakfast area for events like baby showers and birthday parties. She charges a flat fee for the space and accepts credit cards. She has done 5 parties in 2023 and charges $650 for a 4 hour rental. She pays a credit card fee of 2%. For grading purposes, input your larger amounts for your debit and credit entries on their respective top rows. 11 The parties have been a hit and word of mouth has gotten around, so she has also booked parties for 2024. Customers must pay the full amount in advance. She booked an additional 11 parties. Credit card service fees of 2% apply. For grading purposes, input your larger amounts for your debit and credit entries on their respective top rows