Answer Question B please! Current Attempt in Progress

Selected transactions of Coromandel Ltd are given below. The company uses straight$-$line depreciation and calculates depreciation

expense to the nearest whole month.

$2018$

Jan. $4$

Purchased from Brampton Ltd a bottle washer $($Serial No$.17538$X$)$ for $$44,000$ cash $($net of GST$).$ The useful life of the

machine is $5$ years and its residual value is expected to be $$8,000.$

April

Purchased from Granada Ltd a dryer $($Serial No$.$ PY$43121)$ for $$39,000$ cash $($net of GST$).$ The machine has a useful life of

$10$

$6$ years and a residual value of $$9,000.$

A$.$

Your Answer

Prepare journal entries to record the purchase of the assets and to record depreciation expense on $30$ June $2018$ and $2019,$ the

end of the company's reporting periods. $($Enter all debit entries first, followed by all credit entries. Credit account titles are automatically

indented when the amount is entered. Do not indent manually.$)$