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Here are selected 2017 transactions of Flounder Corporation. Retired a piece of machinery that was...

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Here are selected 2017 transactions of Flounder Corporation. Retired a piece of machinery that was purchased on January 1, 2007. The machine cost $ 62,300 and had a useful life of 10 years with no salvage value. Sold a computer that was purchased on January 1,2015. The computer cost $ 35,800 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 $ 9,090 cash. The truck cost $24,600 when it was purchased on January 1,2014, and was depreciated based on a 5- year useful life with a $ 3,500 salvage value. Jan. 1 June 30 Dec. 31 Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable. Flounder 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 O for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1 une 30 To record depreciation expense for 2017)

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