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Presented below are selected transactions at Whispering Winds Corp. for 2 0 2 0 . Jan 1 . Retired a piece of machinery that was
Presented below are selected transactions at Whispering Winds Corp. for
Jan Retired a piece of machinery that was purchased on January The machine cost on that date. It had a useful life of years with no salvage value. June Sold a computer that was purchased on January The computer cost It had a useful life of years with no salvage value.The computer was sold for
Dec Discarded a delivery truck that was purchased on Jan The truck cost It was depreciated based on a year useful life with a salvage value.
Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of Whispering Winds Corp. uses straight line depreciation. To record depreciation to date of disposal
Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of
Whispering Winds Corp. uses straightline depreciation. Assume depreciation is up to date as of December Credit account
titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.
If no entry is required, select No Entry" for the account titles and enter for the amounts. Do not round intermediate calculations.
Date
Jan.
June
Account Titles and Explanation
Accumulated DepreciationEquipment
Equipment
Depreciation Expense
Accumulated DepreciationEquipment
To record depreciation to date of disposal
Debit
Credit
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