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Current Attempt in Progress Here are selected 2022 transactions of Bridgeport Corporation Jan. 1 Retired...

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Accounting

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Current Attempt in Progress Here are selected 2022 transactions of Bridgeport Corporation Jan. 1 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $62,100 and had a useful life of 10 years with no salvage value. Sold a computer that was purchased on January 1, 2020. The computer cost $36,800 and had a useful life of 4 years with no salvage value. The computer was sold for $4,100 cash Sold a delivery truck for $9,340 cash. The truck cost $25,000 when it was purchased on January 1, 2019, and was depreciated based on a 5-year useful life with a $3.500 salvage value, June 30 Dec 31 Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable Bridgeport Corporation uses straight line depreciation (Record entries in the order displayed in the problem statement Credit account titles are automatically indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Credit Date Debit (To record depreciation expense) (To record sale of computer) (To record depreciation expense) (To record sale of delivery truck)

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