View Policies Current Attempt in Progress Here are selected 2022 transactions of Ayayai Company. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $63,000 and had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2019. The computer cost $39.000 and had a useful life of 5 years with no salvage value. The computer was sold for $15,900 cash. Dec. 31 Discarded a delivery truck that was purchased on January 1, 2018. The truck cost $38.340. 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 on assets disposed of where applicable. Ayayai Company uses straight-line depreciation. (Assume depreciation is up to date as of December 31, 2021.) (List all debit entries before credit entries. 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 for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1 Accumulated Depreciation Equipment 63000 Machine 63000 June 30 Depreciation Expense 3900 Accumulated Depreciation-Equipment 3900 (To record depreciation to date of disposal) June 30 Cash 15900 Accumulated Depreciation Equipment 19500 Loss on Disposal of Plant Assets 3600 Equipment 39000 (To record sale of computer) Dec. 31 Depreciation Expense 5890 Accumulated Depreciation Equipment 5890 (To record depreciation to date of disposal) Dec. 31 Cash (To record retirement of truck)