Question: Current Attempt in Progress Your answer is partially correct. Here are selected 2022 transactions of Cheyenne Corporation. Jan. 1 Retired a piece of machinery that

 Current Attempt in Progress Your answer is partially correct. Here are
selected 2022 transactions of Cheyenne Corporation. Jan. 1 Retired a piece of

Current Attempt in Progress Your answer is partially correct. Here are selected 2022 transactions of Cheyenne Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $62,600 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 $36,400 and had a useful life of 4 years with no salvage value. The computer was sold for $4,400 cash. Dec. 31 Sold a delivery truck for $9,200 cash. The truck cost $25,000 when it was purchased on January 1,2019 , and was depreciated based on a 5-year useful life with a $3,700 salvage value. Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable. Cheyenne Corporation uses straight-line depreciation. (Record entries in the order displayed in the problem statement, 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 O for the amounts.) Accumulated Depreciation-Equipment (To record depreciation expense) Cash Accumulated Depreciation-Equipment Gain on Disposal of Plant Assets 9250 Equipment (To record sale of computer) June 30 (To record depreciation expense) (To record sale of delivery truck)

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