Weygandt, Accounting Principles, 12e ACCOUNTING PRNCIPIS I/lr 1 1/Art Exercise 10-9 Presented below are selected transactions at Ridge Compary for 2017 Jan. 1 Retired a piece of machinery that was purchased on January 1. 200. The machine cot SS1,500 onthat drn had ausendin, / io-nth wauon v.i. June 30 HW Chaeter 10 Sold a computer that was purchased on 3anuary 1, 2014. The computer cost S99.00. It had 15,400 usefile of 5 years with no salvage vake. The co-er-as seid Revicw Score Dec. 31 Discarded a delvery truck that was urchased on January 1, 2013. The truck cost 142,900. tas dspreciaed baed on ao ear usefud ite with $1.00 sage obiective ournalize all entries required on the above dates, indluding entries to update depreciation, where Assume depreciation is up to date as of December 31, 2016.)(redt journal entries in the apolicable, on assets disposed of. Ridge Company uses straight-ine deprecation amount is entered. Do not indent order presented in the problem It no entry is tequired, select "No Entry for the accoont tities and enter 0 for the amounts) Date Account Titles and Explanation Debit Creda 3500 3500 Equipment une 30 Depreciation Expense (To record depreciation to date of disposal) June 30Cash Accumulated Depreciation-Equipment Gain on Disposal of Plant Asets Equipment O Type here to search