Presented here are selected transactions for Sunland Limited for 2021. Sunland uses straight-line depreciation and records adjusting entries annually.

Jan. 1		Sold a delivery truck for $18,080 cash. The truck cost $63,670 when it was purchased on January 1, 2018, and was depreciated based on a four-year useful life with a $6,390 residual value.
Sept. 1		Sold computers that were purchased on January 1, 2019. They cost $9,990 and had a useful life of three years with no residual value. The computers were sold for $490 cash.
Dec. 30		Retired equipment that was purchased on January 1, 2012. The equipment cost $146,900 and had a useful life of 10 years with no residual value. No proceeds were received.

Record the above transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date

Account Titles and Explanation

Debit

Credit

Jan. 1

enter an account title for the journal entry on January 1

enter a debit amount

enter a credit amount

enter an account title for the journal entry on January 1

enter a debit amount

enter a credit amount

enter an account title for the journal entry on January 1

enter a debit amount

enter a credit amount

enter an account title for the journal entry on January 1

enter a debit amount

enter a credit amount

Sept. 1

enter an account title to record depreciation expense on September 1

enter a debit amount

enter a credit amount

enter an account title to record depreciation expense on September 1

enter a debit amount

enter a credit amount

(To record depreciation expense)

1

enter an account title to record the sale of equipment for cash on September 1

enter a debit amount

enter a credit amount

enter an account title to record the sale of equipment for cash on September 1

enter a debit amount

enter a credit amount

enter an account title to record the sale of equipment for cash on September 1

enter a debit amount

enter a credit amount

enter an account title to record the sale of equipment for cash on September 1

enter a debit amount

enter a credit amount

(To record the sale of equipment for cash)

Dec. 30

enter an account title to record depreciation expense on December 30

enter a debit amount

enter a credit amount

enter an account title to record depreciation expense on December 30

enter a debit amount

enter a credit amount

(To record depreciation expense)

30

enter an account title to record the retirement of equipment on December 30

enter a debit amount

enter a credit amount

enter an account title to record the retirement of equipment on December 30

enter a debit amount

enter a credit amount

(To record the retirement of equipment)