USE THE JOURNAL ENTRIES THAT IS ALREADY FILLED FOR THE ANSWER

Prepare journal entries to record the purchase of the assets and to record depreciation expense on $30$ June $2018$ and $2019,$ the

end of the company's reporting periods. $($Enter all debit entries first, followed by all credit entries. Credit account titles are automatically

indented when the amount is entered. Do not indent manually.$)$ Open a machinery account $($no$.230)$ and an accumulated depreciation $-$ machinery account $($no$.231),$ and prepare subsidiary

property and plant records for the two assets. Post the journal entries to the general ledger accounts and to the subsidiary

property and plant records. $($Leave blank any answer fields that do not require an answer. Round answers to $0$ decimal places, e$.$g$.5,275.)$