Presented below are selected transactions for the Ronnen Company for 2018.

Instructions: Journalize all entries required as a result of the above transactions. Ronnen Company uses the straight-line method of depreciation.

Notes: Read carefully and follow strictly so that Bb can grade you correctly! 1. Just write down the account title and numbers for each transaction (use comma in numbers, one thousand is 1,000, not 1000. NO decimal point, NO $ sign). e.g. Cash 1,000 Com Stk 1,000 2. Always Dr. first, then Cr. 2. Use and copy accurately only the following account names (not case sensitive): Cash, Machinery, Printing Machine, Automobile, Depreciation Expense, Accumulated Depreciation, Gain on Disposal, Loss on Disposal.

Jan.

1

Retired a piece of machinery that was purchased on January 1, 2008. The machine cost $80,000 on that date, and had a useful life of 10 years with no salvage value.

Account Dr.

Account Cr.

April

30

Sold a printing machine for $50,000 that was purchased on January 1, 2015. The printer cost $90,000, and had a useful life of 5 years with no salvage value.

Account Dr.

Account Cr.

Account Dr.

Account Dr.

Account Cr.

Account Cr.

Dec.

31

Discarded a business automobile that was purchased on December 31, 2013. The car cost $20,000 and was depreciated on an 8-year useful life with a salvage value of $800.

Account Dr.

Account Cr.

Account Dr.

Account Dr.

Account Cr.