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Presented below are selected transactions of Sensational Beverages Ltd for Year ending 31/12/2020 January 1 Scrapped machinery that was purchased on 1 January 2010. The

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Presented below are selected transactions of Sensational Beverages Ltd for Year ending 31/12/2020 January 1 Scrapped machinery that was purchased on 1 January 2010. The machine cost $165,000 and had a useful life of 10 years with no residual value April 30 Sold a coffee machine for $10,000 cash. The coffee machine was purchased on 1 January 2014 and cost $36,000. The coffee machine was depreciated based on a 10 year useful life with a $6,000 residual value June 30 Sold a computer that was purchased on 1 January 2016. The computer cost $64,000, had a useful life of 8 years with no residual value. The computer was sold for $36,000 December 31 Purchased equipment for $85,000 cash. Useful life of 10 years with no residual value Required: Prepare the journal entries to record the above transactions for Sensational Beverages Ltd, which has a financial year end of 31 December 2020 and uses the straight-line method of depreciation. Ignore GST Narrations are not required. (Both account names and figures should be correct in order to award marks. Tyme your response directly into the template in the text box below.)

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