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Here are selected $2022$ transactions of Swifty Corporation.

Jan. $1$ Retired a piece of machinery that was purchased on January $1,2012.$ The machine cost $$62,400$ and had a useful life

of $10$ years with no salvage value.

June $30$ Sold a computer that was purchased on January $1,2020.$ The computer cost $$42,900$ and had a useful life of $3$ years

with no salvage value. The computer was sold for $$6,600$ cash.

Dec. $31$ Sold a delivery truck for $$9,000$ cash. The truck cost $$29,950$ when it was purchased on January $1,2019,$ and was

depreciated based on a $5-$year useful life with a $$3,000$ salvage value.

Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of$,$ where applicable.

Swifty Corporation uses straight$-$line depreciation. $($Assume depreciation is up to date as of December $31,2021).($Credit account titles

are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no

entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Do not round intermediate calculations.$)$

Date

Jan. $1$

Account Titles and Explanation

Accumulated Depreciation$-$Equipment

Equipment

Debit

Credit