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There are many processes in this, I am very confused. Presented below are selected transactions at Larkspur, Inc. for 2020. Jan. 1 Retired a piece

There are many processes in this, I am very confused.

Presented below are selected transactions at Larkspur, Inc. for 2020.

Jan. 1 Retired a piece of machinery that was purchased on January 1, 2010. The machine cost $62,100 on that date. It had a useful life of 10 years with no salvage value.
June 30 Sold a computer that was purchased on January 1, 2017. The computer cost $36,000. It had a useful life of 5 years with no salvage value. The computer was sold for $15,200.
Dec. 31 Discarded a delivery truck that was purchased on January 1, 2016. The truck cost $40,440. It was depreciated based on a 6-year useful life with a $3,000 salvage value.

Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of. Larkspur, Inc. uses straight-line depreciation. (Assume depreciation is up to date as of December 31, 2019.)

Date

Account Titles and Explanation

Debit

Credit

choose a transaction date

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

choose a transaction date

enter an account title to record depreciation to date of disposal

enter a debit amount

enter a credit amount

enter an account title to record depreciation to date of disposal

enter a debit amount

enter a credit amount

(To record depreciation to date of disposal)

June 30

enter an account title to record sale of computer

enter a debit amount

enter a credit amount

enter an account title to record sale of computer

enter a debit amount

enter a credit amount

enter an account title to record sale of computer

enter a debit amount

enter a credit amount

enter an account title to record sale of computer

enter a debit amount

enter a credit amount

(To record sale of computer)

choose a transaction date

enter an account title to record depreciation to date of disposal

enter a debit amount

enter a credit amount

enter an account title to record depreciation to date of disposal

enter a debit amount

enter a credit amount

(To record depreciation to date of disposal)

Dec. 31

enter an account title to record retirement of truck on December 31

enter a debit amount

enter a credit amount

enter an account title to record retirement of truck on December 31

enter a debit amount

enter a credit amount

enter an account title to record retirement of truck on December 31

enter a debit amount

enter a credit amount

(To record retirement of truck)

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