Current Attempt in Progress

The following transactions occurred during $2020.$ 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 salvage 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 $$132,000$ in $2003$ is torn down to make room for a new building. The wrecking contractor was paid

$$5,100$ and was permitted to keep all materials salvaged.

Mar. $10$ Machinery that was purchased in $2013$ for $$16,000$ is sold for $$2,900$ cash, f$.$o$.$b$.$ purchaser's plant. Freight of $$300$ is

paid on the sale of this machinery.

Mar. $20$ A gear breaks on a machine that cost $$9,000$ in $2012.$ The gear is replaced at a cost of $$2,000.$ The replacement does

not extend the useful life of the machine but does make the machine more efficient.

May $18$ A special base installed for a machine in $2014$ when the machine was purchased has to be replaced at a cost

$$5,500$ because of defective workmanship on the original base. The cost of the machinery was $$14,200$ in $2014.$ The

cost of the base was $$3,500,$ and this amount was charged to the Machinery account in $2014.$

June $23$

One of the buildings is repainted at a cost of $$6,900.$ It had not been painted since it was constructed in $2016.$

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 $0$ for the amounts.$)$