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On June 1, 2016 Axle Corporation sold a truck for $10,000 cash. The truck originally cost $45,000 and the accumulated depreciation as of May 31,

On June 1, 2016 Axle Corporation sold a truck for $10,000 cash. The truck originally cost $45,000 and the
accumulated depreciation as of May 31, 2016 was 37,600.
DATE ACCOUNT DEBIT CREDIT
On September 1, 2016 Smith Conveyor Corp sold a piece of factory machinery for $12,000. The machine originally
cost $52,000 and had accumulated depreciation of $36,500 as of August 31, 2016.
DATE ACCOUNT DEBIT CREDIT
On October 1, 2016 Axle Corporation scraped of a piece of machinery for no proceeds. The machine originally
cost $20,000 and had accumulated depreciation of $18,000 as of September 30, 2016.
On November 1, 2016 Smith Conveyor Corp scrapped a piece of machinery for no proceeds. The machine originally
cost $22,000 and was fully depreciated.

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