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Try to do same format if possible Exercise 10-9 Presented below are selected transactions at Ridge Company for 2017 anRetired a piece of machinery that
Try to do same format if possible Exercise 10-9 Presented below are selected transactions at Ridge Company for 2017 anRetired a piece of machinery that was purchased on January1 2007. The machine cost $60,600 on that date. It had a useful life of 10 years with no salvage value une 30 Sold a computer that was purchased on January 1, 2014. The computer cost $37,500. It had a useful life of 5 years with no salvage value. The computer was sold for $13,100 Dec. 31 Discarded a delivery truck that was purchased on January 1, 2013 The truck cost $34,500. 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. Ridge Company uses straight-line depreciation. (Assume depreciation is up to date as of December 31, 2016.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Accosst Tiles and Esplenstion Credi To record depreciation to date of disposal) une 30 To record sale of computer at a gain) To record depreciation to date of disposal Dec. 31 To record retirement of truck at a loss) Question Attempts:O of 3 used SAVE FOR LATER
Try to do same format if possible
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