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S Kimmel, Financial Accounting, se, Custom for University of Akron Helo I Svstem Announcements Problem...

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S Kimmel, Financial Accounting, se, Custom for University of Akron Helo I Svstem Announcements Problem 9-3A Wildhorse Co. had the following assets on January 1, 2017 Cost Purchase Date Cin years) Salvage Value Machinery $66,740 an 1. 2007 28,200 Jan. 1, 2014 1,400 Jan 1, 2012 2,824 During 2017, each of the assets was removed from service. The machinery was retired on January 1. The forklift was sold on June 30 for $11,280. The truck was discarded on December 31 Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on disposed assets. The company uses straight-line depreciation. All depreciation was up to date as of December 31, 2016. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) LIST OF ACCOUNTS SHOW

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