Question $1$ of $4$

$.\frac{?}{1\mathrm{.}4}$

Presented below are selected transactions at Swifty Corporation for $2020.$

Jan. $1$ Retired a piece of machinery that was purchased on January $1,2010.$ The machine cost $$61,000$ on that date. It had a useful life of $10$ years with no salvage value.

June $30$ Sold a computer that was purchased on January $1,2017.$ The computer cost $$35,400.$ It had a usefullife of $5$ years with no salvage value. The computer was sold for $$14,600.$

Dec. $31$ Discarded a delivery truck that was purchased on January $1,2016.$ The truck cost $$40,980.$ It was depreciated based on a $6-$year useful life with a $$3,000$ salvage value.

Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of$.$ Swifty Corporation uses straight$-$line depreciation. $($Assume depreciation is up to date as of December $31,2019.)($Credit account titles are automatically indented when amount is entered. Do not indent manually. Record joumal entries in the order presented in the problem. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts. Do not round intermediate calculations.$)$

$\backslash$table$[[$Date$],[]]$

Account Titles and Explanation

Debit

Credit

$$

$$

$$

$$

$$

$($To record depreciation to date of disposal$)$

June $30$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$($To record sale of computer$)$

$$

$$

$$

$($To record depreciation to date of disposal$)$

Dec. $31$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$($To record retirement of truck$)$