Presented below are selected transactions at Splish Brothers Inc. for 2020. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2010. The machine cost $63,800 on that date. It had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2017. The computer cost $37,800. It had a useful life of 5 years with no salvage value. The computer was sold for $15,100. Dec. 31 Discarded a delivery truck that was purchased on January 1, 2016. The truck cost $40,620. 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, where applicable, on assets disposed of. Splish Brothers Inc. uses straight-line depreciation. (Assume depreciation is up to date as of December 31, 2019.) (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 0 for the amounts. Do not round intermediate calculations.) Date Account Titles and Explanation Debit Credit choose a transaction date enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount choose a transaction date enter an account title to record depreciation to date of disposal enter a debit amount enter a credit amount enter an account title to record depreciation to date of disposal enter a debit amount enter a credit amount (To record depreciation to date of disposal) June 30 enter an account title to record sale of computer enter a debit amount enter a credit amount enter an account title to record sale of computer enter a debit amount enter a credit amount enter an account title to record sale of computer enter a debit amount enter a credit amount enter an account title to record sale of computer enter a debit amount enter a credit amount (To record sale of computer) choose a transaction date enter an account title to record depreciation to date of disposal enter a debit amount enter a credit amount enter an account title to record depreciation to date of disposal enter a debit amount enter a credit amount (To record depreciation to date of disposal) Dec. 31 enter an account title to record retirement of truck on December 31 enter a debit amount enter a credit amount enter an account title to record retirement of truck on December 31 enter a debit amount enter a credit amount enter an account title to record retirement of truck on December 31 enter a debit amount enter a credit amount (To record retirement of truck)

Presented below are selected transactions at Splish Brothers Inc. for 2020. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2010. The machine cost $63,800 on that date. It had a...

Presented below are selected transactions at Splish Brothers Inc. for 2020.

Jan.	1	Retired a piece of machinery that was purchased on January 1, 2010. The machine cost $63,800 on that date. It had a useful life of 10 years with no salvage value.
June	30	Sold a computer that was purchased on January 1, 2017. The computer cost $37,800. It had a useful life of 5 years with no salvage value. The computer was sold for $15,100.
Dec.	31	Discarded a delivery truck that was purchased on January 1, 2016. The truck cost $40,620. 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, where applicable, on assets disposed of. Splish Brothers Inc. uses straight-line depreciation. (Assume depreciation is up to date as of December 31, 2019.)
(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 0 for the amounts. Do not round intermediate calculations.)

Date	Account Titles and Explanation	Debit	Credit
choose a transaction date	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date	enter an account title to record depreciation to date of disposal	enter a debit amount	enter a credit amount
	enter an account title to record depreciation to date of disposal	enter a debit amount	enter a credit amount
	(To record depreciation to date of disposal)
June 30	enter an account title to record sale of computer	enter a debit amount	enter a credit amount
	enter an account title to record sale of computer	enter a debit amount	enter a credit amount
	enter an account title to record sale of computer	enter a debit amount	enter a credit amount
	enter an account title to record sale of computer	enter a debit amount	enter a credit amount
	(To record sale of computer)
choose a transaction date	enter an account title to record depreciation to date of disposal	enter a debit amount	enter a credit amount
	enter an account title to record depreciation to date of disposal	enter a debit amount	enter a credit amount
	(To record depreciation to date of disposal)
Dec. 31	enter an account title to record retirement of truck on December 31	enter a debit amount	enter a credit amount
	enter an account title to record retirement of truck on December 31	enter a debit amount	enter a credit amount
	enter an account title to record retirement of truck on December 31	enter a debit amount	enter a credit amount
	(To record retirement of truck)

Jun 09, 2022

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Presented below are selected transactions at Splish Brothers Inc. for 2020. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2010. The machine cost $63,800 on that date. It had a...

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