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Pharoah Company had the following assets on January 1, 2022. During 2022, each of the assets was removed from service. The machinery was retired on
Pharoah Company had the following assets on January 1, 2022. During 2022, each of the assets was removed from service. The machinery was retired on January 1. The forkift was sold on June 30 for $12,400. The truck was discarded on December 31 . Journalize all entries required on the above dates, Including entries to update depreciation, wher applicable, on disposed ansets. The company uses straight-line depreciation. Al depreciation was up to date as of December 31, 2021. (Credit account tities ore automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the
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