Presented below are selected transactions at Tomas Company for 2014 Jan 1 Retired a piece of machinery that was purchased on January 1, 2004 The machine cost $59,270 on that date It had a useful life of 10 years with no salvage value June 30 Sold a computer that was purchased on January 1, 2011 The computer cost $35,950 It had a useful life of 5 years with no salvage value The computer was sold for $14,710 Dec 31 Discarded a delivery truck that was purchased on January 1, 2010 The truck cost $33,810 It was depreciated based on a 6 year useful life with a $2,610 salvage value Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of Tomas Company uses straight line depreciation (Assume depreciation is up to date as of December 31, 2013 ) (Credit account titles are automatically indented when amount is entered Do not indent manually )

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Presented below are selected transactions at Tomas Company for 2014. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2004. The

Presented below are selected transactions at Tomas Company for 2014.

Jan. 1		Retired a piece of machinery that was purchased on January 1, 2004. The machine cost $59,270 on that date. It had a useful life of 10 years with no salvage value.
June 30		Sold a computer that was purchased on January 1, 2011. The computer cost $35,950. It had a useful life of 5 years with no salvage value. The computer was sold for $14,710.
Dec. 31		Discarded a delivery truck that was purchased on January 1, 2010. The truck cost $33,810. It was depreciated based on a 6-year useful life with a $2,610 salvage value.

Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of. Tomas Company uses straight-line depreciation. (Assume depreciation is up to date as of December 31, 2013.) (Credit account titles are automatically indented when amount is entered. Do not indent manually.)