Question: Can I get the values in order please. Presented here are selected transactions for Zhou Lid for the year ended 31 December 2019: Scrapped a

Can I get the values in order please.

Can I get the values in order please. Presented here are selected

Presented here are selected transactions for Zhou Lid for the year ended 31 December 2019: Scrapped a piece of machinery that was purchased on 1 January Jan. 2010 at a cash price of $50000. The machinery had a useful life of 5 years with no residual value. Sold a computer that was purchased on 1 January 2016 for $30,000 June 30 cash. It had a useful life of 6 years with no residual value. The computer was sold for $12,000 cash. Discarded a delivery truck that was purchased on 1 January 2015 for Dec. 31 $20,000 cash and was depreciated based on a 6-year useful life with a $2000 residual value. Fill in the correct account name for the journal entries required on the listed dates below (ignore GST). Please note also that account name for accumulated depreciation for machinery for example would be accumulated depreciation - machinery 1 January 2019 Debit | Credit Dr. $50,000 Cr. $50,000 30 June 2019 Dr. depreciation expense $2,500 Cr. $2,500 Dr. Cash $12,000 Dr. $17,500 Dr. $500 Cr. $30,000 31 December 2019 Dr. $3,000 Cr. $3,000 Dr. Loss on scrapping $5,000 Dr. $15,000 Cr. $20,000

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