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The following transactions occurred during 2025. Assume that depreciation of 10% per year is charged on all machinery and 5% per year on buildings, on

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The following transactions occurred during 2025. Assume that depreciation of 10% per year is charged on all machinery and 5% per year on buildings, on a straight-line basis, with no estimated salvage value. Depreciation is charged for a full year on all fued assets. acquired during the year, and no depreciation is charged on fixed assets disposed of during the vear. Jan. 30 A building that cost $171,600 in 2008 is torn down to make room for a new building. The wrecking contractor was paid $6,630 and was permitted to keep all materials salvaged. Mar. 10 Machinery that was purchased in 2018 for $20,800 is sold for $3,770 cash, fo.b. purchaser s plant. Freight of $390 is paid on the sale of this machinery. Mar. 20 A gear breaks on a machine that cost $11,700 in 2017. The gear is repiaced at a cost of $2,600. The replacement does not extend the useful life of the machine but does make the machine more efficient. May 18 Aspecial base installed for a machine in 2019 when the machine was purchased has to be replaced at a cost of $7,150 because of defective workmanship on the original base. The cost of the machinery was $18,460 in 2019. The cost of the base was $4,550, and this amount was charged to the Machinery account in 2019. June 23. One of the bulidings is repainted at a cost of $8.970. It had not been painted since it was constructed in 2021. Prepare general journal entries for the transactions. (Record journal entries in the order presented in the problem. Credit account titles are outomatically indented when amount is entered, Do not indent monually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. tist alf debit entriles before credit entrles: Date Account Titles and Explanation Debit Credit 1/30 3/10

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