Presented here are selected transactions for Zhou Ltd for the year ended 31 December 2016: Jan. 1 Scrapped a piece of machinery that was purchased on 1 January 2006 at a cash price of $61,380 including 10% of GST. The machinery had a useful life of 10 years with no residual value. June Sold a computer that was purchased on 1 January 2013 for $35,640 cash including 10% of GST. It had a useful life of 6 years with no residual value. The computer was sold for $14,300 30 cash including 10% of GST Dec. 31 Discarded a delivery truck that was purchased on 1 January 2012 for $22,770 cash including 10% of GST and was depreciated based on a 6-year useful life with a $2,070 residual value. Purchase price of machinery, computer and delivery truck Includes 10% of GST. Proceeds from sale of computer includes 10% GST. Required Journalise all entries required on the listed dates, including entries to update depreciation, where applicable, on assets disposed of. Zhou Ltd uses straight-line depreciation (Assume depreciation is up to date as of 31 December 2015 and the GST rate is 10%.) (Enter debit entries first followed by credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Zhou Led General Journal Debit Credit Date Account and explanation 2016 Jan. 1 Accumulated depreciation Machinery Machinery . . une 30 Depreciation expense Accumulated depreciation-computer . June 30 Cash GST collected Accumulated depreciation-computer . Loss on disposal Computer . Dec 31 Depreciation expense Accumulated depreciation-truck Credit Zhou Ltd General journal Debit Date Account and explanation $ 2016 Jan. 1 Accumulated depreciation-machinery Machinery June 30 Depreciation expense Accumulated depreciation-computer June 30 Cash GST collected Accumulated depreciation-computer Loss on disposal Computer Dec. 31 Depreciation expense Accumulated depreciation-truck Dec. 31 Accumulated depreciation--truck Loss on scrapping Delivery truck Click if you would like to Show Work for this question: Open Show Work