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Please help i posted two pics to show the whole chart. Current Attempt in Progress Here are selected 2022 transactions of Pronghorn Corporation. Jan. 1
Please help i posted two pics to show the whole chart.
Current Attempt in Progress Here are selected 2022 transactions of Pronghorn Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $62,000 and had a useful life of 10 years with no salvage value. June Sold a computer that was purchased on January 1, 2020. The computer cost $35,400 and had a useful life of 4 years with 30 no salvage value. The computer was sold for $5,600 cash. Dec. Sold a delivery truck for $9,280 cash. The truck cost $25,000 when it was purchased on January 1,2019 , and was 31 depreciated based on a 5-year useful life with a $3,700 salvage value. Prepare a tabular summary to record all transactions described on the above dates. Depreciation was last recorded on December 31, 2021. Update depreciation on assets disposed of, where applicable. Pronghorn Corporation uses straight-line depreciation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Current Attempt in Progress Here are selected 2022 transactions of Pronghorn Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $62,000 and had a useful life of 10 years with no salvage value. June Sold a computer that was purchased on January 1, 2020. The computer cost $35,400 and had a useful life of 4 years with 30 no salvage value. The computer was sold for $5,600 cash. Dec. Sold a delivery truck for $9,280 cash. The truck cost $25,000 when it was purchased on January 1,2019 , and was 31 depreciated based on a 5-year useful life with a $3,700 salvage value. Prepare a tabular summary to record all transactions described on the above dates. Depreciation was last recorded on December 31 , 2021. Update depreciation on assets disposed of, where applicable. Pronghorn Corporation uses straight-line depreciation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)Step by Step Solution
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