Question: all dates please Current Attempt in Progress The following transactions occurred during 2023. Assume that depreciation of 10% per year is charged on all machinery

all dates please Current Attempt in Progress The following transactions occurred duringall dates please

Current Attempt in Progress The following transactions occurred during 2023. Assume that depreciation of 10% per year is charged on all machinery and 5% per year on buildings, on a straight-line basis, with no estimated residual value. Depreciation is charged for a full year on all fixed assets acquired during the year, and no depreciation is charged on fixed assets disposed of during the year. Jan. 30 A building that cost $89,600 in 2006 is torn down to make room for a new building. The wrecking contractor was paid $4,080 and was permitted to keep all materials salvaged. Mar. 10 Machinery that was purchased in 2016 for $12,800 is sold for $2,320 cash, f.o.b. purchaser's plant. Freight of $240 is paid on the sale of this machinery. Mar. 20 A gear breaks on a machine that cost $7,200 in 2018. The gear is replaced at a cost of $2,400. The replacement does not extend the useful life of the machine. May 18 A special base installed for a machine in 2017 when the machine was purchased has to be replaced at a cost of $4,400 because of defective workmanship on the original base. The cost of the machinery was $11,360 in 2017. The cost of the base was $3,200, and this amount was charged to the Machinery account in 2017. June 23 One of the buildings is repainted at a cost of $5,520. It had not been painted since it was constructed in 2019. Prepare general journal entries for the transactions. (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 1/30

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