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The following transactions oceurred during 2025. Assume that depraciation of 1096 per year is charged on all machinery and 5% per year on buildings, on
The following transactions oceurred during 2025. Assume that depraciation of 1096 per year is charged on all machinery and 5% per year on buildings, on a straight-line basis, with no estimated salvaze value. Depreciation is charged for a full year on all fxed assets acquired during the year, and no depreciation is charzed on fixad assets disposed of during the year. Jan. 30 A building that coat $158,400 in 2008 is torn down to make room for a naw buildina The wracking contractar was paid $6,120 and was permittad to losep all materials salvased. Mar. 10 Machinery that was purchased in 2018 for $19,200 is sald for $3,490 cash, fo.b. purchaser's plant. Fraight of $360 is paid on the sale of this machinery. Mar. 20 A gear breaiks on a machine that cost $10,800 in 2017 . The gear is replacad at a coat of $2,400. The replacement does not extend the useful life of the machine but does malce the machine more efficient. May 18 Aspecial base installed for a machine in 2019 when the machine was purchased has to be raplaced at a cost of $6,600 because of defective workmanship on the original base. The cost of the machinerywas $17,040 in 2019 . The cost of the base was $4,200, and this amount was charged to the Machinery account in 2019. June 23 One of the buildings is repainted at a cost of $9,280. It had not been painted since it was constructed in 2021. Prepare reneral journal antries for the transactions. (Recond journal entries in the order presented in the problem. Credit account titles are outomatically indented when 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.)
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