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Orlole Co. has the following transactions related to notes receivable during the last 2 months of the year. The company does not make entries to

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Orlole Co. has the following transactions related to notes receivable during the last 2 months of the year. The company does not make entries to accrue interest except at December 31 Now 1 Dec 11 16 31 Loaned $54,600 cash to Bohona 12 monthnote Sold coach to KR Pine, Inc.receiving a $1,800.90 d. 7% note Received a $14.400,180 day,6% rote to settle an open account from A Murdock. Accrued interest revenue on all notes receivable Journalize the transactions for Oriole Co. (Omit cost of goods sold entries. (Credit account tities are automatically indented when amount is entered. Do not Indent manually. Record journal entries in the order presented in the problem. Use 360 days for calculation) Date Account Titles and Explanation Debit Credit Carla Vista Co. had the following assets on January 1 2022 Item Machinery Forklift Truck Cost $66,000 25,000 31.400 Purchase Date Jan 1, 2012 Jan 1, 2019 Jan 1, 2017 Useful Life (in years) 10 5 8 Salvage Value $0 0 3,000 During 2022, each of the assets was removed from service. The machinery was retired on January 1. The forklift was sold on June 30 for $11,500. The truck was discarded on December 31 Journalize all entries required on the above dates, including entries to update depreciation, where apolicable, on disposed assets The company uses straight-line depreciation. All depreciation was up to date as of December 31, 2021. (Credit occount titles are automatically indented when the amount is entered. Do not indent manually. I no entry is required, select "No Entry" for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit (To record depreciation expense on forklift) (To record sale of forklift) (To record depreciation expense on truck) (To record sale of truck)

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