Presented below are selected transactions at Ingles Company for $2020$:

Instructions:

Journalize all entries required on the above dates, including to update depreciation, where applicable,

on assets disposed of$.$ Ingles Company uses straight$-$line depreciation. $($Assume depreciation is up to

date as of December $31,2019.)$

What should be the journal entry for June $30$ if the computer was sold for $$21,500?$

What should be the journal entry for December $31$ if the delivery truck was sold for $$1,500?$