Current Attempt in Progress dan 1 Presented below are selected transactions tor Werley Company for...
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Current Attempt in Progress dan 1 Presented below are selected transactions tor Werley Company for 2021 Received $9.000 scrap value on retirement of machinery that was purchased on January 1, 2011. The machine cost 590.000 on that date and had a uselite of 10 years with no salvage value Said squipment for $34.000 that was purchased on January 1, 2018. The equipment cost $90.000, and had a usetul life of 5 years with no salvage value Dec 31 Discarded a business truck that was purchased on April 1, 2017. The truck cost $27.000 and was deprecated on a 5-year useful lete with a salvage value of April 30 $2.000 Journaltre all entries required as a result of the above transactions. Werley Company uses the straight line method of depreciation and has recorded depreciation through December 31, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If ne entry is required, select "No Entry for the account titles and enter for the amounts !! Date Account Titles and Explanation Debit Credit I to record deprecatione (Torecord sale of ement) To record depreciation expense) To record sale of buck)
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