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Question $4$ of $4$

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The following are some transactions of Cullumber Company for $2024.$ Cullumber Company uses straight$-$fine depreciation and has a December $31$ year end.

Apr. $1$ Retired a piece of equipment that was purchased on January $1\mathrm{.}2015,$ for $$48,000.$ The equipment had an expected useful life of $10$ years with no residual value.

July $30$ Sold equipment for $$1,400$cash. The equipment was purchased on January $3,2022,$ for $$13,320$ and was depreclated over an expected useful life of three vears with no residual value.

Nov, $1$ Traded in an old vehicle for a new vehicle, receiving a $$10,000$ trade$-$in allowance and paying $$36,000$ cash. The old vehicle had been purchased on November $1,2018,$ at a cost of $$38\mathrm{.}800.$ The estimated useful life was eight years and

For each of these disposals, prepare a journal entry to record depreciation from January $1,2024,$ to the diate of disposal, $2$ required. $($Credit occount titles are automotically indented when the amount is entered. Do not indent muncully if no enty is roquint, select $"$No Entry" for the account titles and enter O for the amounts. List debit entry before credit entos Recond pournal entries in ate ande: presented in the problem.$)$

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Record the disposals. $($Credit occount 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. List all debit entries before credit entries. Record journal entries in the order presented in the problem.$)$

Date

Account Titles

Debit

Credit

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