with explanations

2013 + x 28000 12 ***3x2800 2017 - x 28,000.- - Tidwell Company sold the following machines in 2017 Machine 236,000 - 12:00 Cost $236.000 8 2014-2016 Purchase date 7/1/13 Useful life 8 years 28,000 Residual value $12,000 91.000 14 000 Depreciation method Straight-line 112, 12/31 Date sold HI 7/1 7/1/17 2013 2016 2017 Sales price $110,000 Required: Journalize all entries required to update depreciation and record the sales of the assets in 2017. The company has recorded depreciation on the machine through December 31, 2016. (40%)