Current Attempt in Progress Here are selected 2022 transactions of Blue Spruce Company E Jan. 1 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $63,700 and had a useful life of 10 years with no salvage value. June 30 Dec. 31. Date Jan 1 Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of where applicable. Blue Spruce Company uses straight-line depreciation (Assume depreciation is up to date as of December 31, 2021) List all debit entries before credit entries. Credit occount 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 O for the amounts) Sold a computer that was purchased on January 1, 2019. The computer cost $41,600 and had a useful life of 5 years with no salvage value. The computer was sold for $14.700 cash June 201 Discarded a delivery truck that was purchased on January 1, 2018 The truck cost $35,520. It was depreciated based on a 6-year useful life with a $3.000 salvage value. Account Titles and Explanation Depreciation Expense Machine Accounts En Me Debit A3700 Foun *6 Credit 43700 101 Char
Current Attempt in Progress Here are selected 2022 transactions of Blue Spruce Company E Jan. 1 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $63,700 and had a useful life of 10 years with no salvage value. June 30 Dec. 31. Date Jan 1 Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of where applicable. Blue Spruce Company uses straight-line depreciation (Assume depreciation is up to date as of December 31, 2021) List all debit entries before credit entries. Credit occount 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 O for the amounts) Sold a computer that was purchased on January 1, 2019. The computer cost $41,600 and had a useful life of 5 years with no salvage value. The computer was sold for $14.700 cash June 201 Discarded a delivery truck that was purchased on January 1, 2018 The truck cost $35,520. It was depreciated based on a 6-year useful life with a $3.000 salvage value. Account Titles and Explanation Depreciation Expense Machine Accounts En Me Debit A3700 Foun *6 Credit 43700 101 Char
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Ee.102.
Transcribed Image Text:Current Attempt in Progress
Here are selected 2022 transactions of Blue Spruce Company
E1
1
June 30
Dec. 31.
Date
Jan 1
Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of where applicable.
Blue Spruce 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 O for the amounts)
Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $63.700 and had a useful life
of 10 years with no salvage value.
June 302
Sold a computer that was purchased on January 1, 2019. The computer cost $41,600 and had a useful life of 5 years
with no salvage value. The computer was sold for $14.700 cash
Discarded a delivery truck that was purchased on January 1, 2018 The truck cost $35,520. It was depreciated based
on a 6-year useful life with a $3.000 salvage value.
Account Titles and Explanation
Depreciation Expense
Machine
Accounts EmpMe
Debit
A3700
Foun
*6
Credit
43700
107 Cher
400
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