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Record the abova transactions. ( List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not
Record the abova 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 for the amounts.
Record entries in the order displayed in the problem statement.
Loas on Dlegosal
To recard depreciation experse
Accumulatad Dupraclatlom Vahidea
To record the sale of equipment for cash
Drgraclatlan Exganas
Accumulatad Dueraclatlon Vahidia
To record depreciation expense
Accumulatsd DapraclatlomEquipment
To record the retirement of equipmentPresented here are selected transactions for Crane Limited for Crane uses straightline depreciation and records adjusting
entries annually.
Jan. Sold a delivery truck for $ cash. The truck cost $ when it was purchased on January and was
depreciated based on a fouryear useful life with a $ residual value.
Sept. Sold computers that were purchased on January They cost $ and had a useful life of three years
with no residual value. The computers were sold for $ cash.
Dec. Retired equipment that was purchased on January The equipment cost $ and had a useful life of
years with no residual value. No proceeds were received.
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