Question: help Your answer is partly correct. Here are selected 2022 transactions of Sheffield Corporation Jan 1 Retired a piece of machinery that was purchased on

help
help Your answer is partly correct. Here are selected 2022 transactions of

Your answer is partly correct. Here are selected 2022 transactions of Sheffield Corporation Jan 1 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $62.000 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 $35 200 and had a full life of 4 years with no salvage value. The computer was sold for 55.900 cash Dec 31 Sold a delivery truck for $9.210 cash. The truck cost $23,000 when it was purchased on January 1, 2019 and was depreciated based on a 5-year useful life with a 54.000 salvage Value Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of where applicabile. Sheffield 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 for the amounts Date Debit Credit Account Titles and Explanation Aciumatated relations Comment 000 -E

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