Starby Company had been in the industry for a few years. Presented below are selected transactions of the company for the year ended 2021. Jan 1 Disposed an equipment that was purchased 10 years ago. The equipment original cost was RM70,000. It had useful life of 10 years with RM5,000 residual value which received by cash on the same date. June 30 Sold a machine that was purchased on 1 January 2019 for RM15,000. The machine cost RM26,000 with residual value of RM1,000 and 5-year useful life. Dec 31 Sold a delivery truck for cash RM30,000. The truck was purchase on 1 January 2016 with cost RM100,000. It was depreciated based on 10-year useful life with RM5,000 residual value.

Required

Journalise all entries required on the above dates, including entries to update depreciation, where applicable. The company uses straight-line depreciation for all its property, plant and equipment and depreciation charge updated until 31 December 2020. (9 marks)