Answer

Presented here are selected transactions for Oriole Limited for 2021. Oriole uses straight-line depreciation and records adjusting entries annually. Jan. 1 Sold a delivery truck for $17,700 cash. The truck cost $62,390 when it was purchased on January 1,2018, and was depreciated based on a four-year useful life with a $6,270 residual value. Sept,1 Sold computers that were purchased on January 1, 2019. They cost $11,961 and had a useful life of three years with no residual value. The computers were sold for $450 cash. Dec. 30 Retired equipment that was purchased on January 1, 2012. The equipment cost $143,800 and had a useful life of 10 years with no residual value. No proceeds were received. Record the above transactions. (List all debit entries before credit entries. 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 O for the omounts.) Accumulated Depreclation - Equipment Loss on Disposal Equipment (To record the sale of equipment for cash) Dec 30 Depreciation Expense Accurnulated Depreciation - Eqtipment (To record depreciation expense) 30 Accumulated Depreciation- Equipment Eauioment (To record the retirement of equipment)