Question: please help Current Attempt in Progress Here are selected 2022 transactions of Flounder Corporation. Jan. 1 Retired a piece of machinery that was purchased on



Current Attempt in Progress Here are selected 2022 transactions of Flounder Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1,2012 . The machine cost $62,300 and had a useful life of 10 yetrs with no salvage value. June Sold a computer that was purchased on January 1, 2020. The computer cost $35,800 and had a useful life of 4 years wit 30 no salvage value. The computer was sold for $4,100 cash. Dec. Sold a delivery truck for $9,090 cash. The truck cost $24,600 when it was purchased on January 1,2019 , and was 31 depreciated based on a 5 -year useful life with a $3,500 salvage value. Prepare a tabular summary to record all transactions described on the above dates. Depreciation was last recorded on December 31 2021. Update depreciation on assets disposed of, where applicable. Flounder Corporation uses straight-line depreciation. (If a transaction couses a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Cash Equipment Accum. Depr.- Equip. = June 30 Dec. 31 eTextbook and Media for the particular Asset, Liability or Equity item that was reduced.) Dividend Loss on disposal Research \& development expense Depreciation expense Gain on disposal Amortization expense
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