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View Policies Current Attempt in Progress At December 31, 2019, Bridgeport Enterprises reported the following as plant assets. During 2020, the following selected cash transactions occurred. During 2020, the following selected cash transactions occurred. Journalize the above transactions. The company uses straight-line depreclation for buildings and equipment. The buildings are estimated to have a 50-year life and no residual value. The equipment is estimated to have a 10 -year useful life and no residual value. Update depreciation on assets disposed of at the time of sale or retirement. (Credit account titles are outomotically indented When omount is entered. Do not indent manually) Journalize the above transactions. The company uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 50-year life and no residual value. The equipment is estimated to have a 10 -year useful life and no residual value. Update depreciation on assets disposed of at the time of sale or retirement. (Credit account titles are outomatically indented. When amount is entered. Do not indent manually Question 7 of 7 (To record depreciation) (To record retirement of equipment) eTextbook and Media Record adjusting entries for depreciation for 2020 . (Credit occount titles are automatically indented when amount is entered. Do not indent manually.) Prepare the plant assets section of Bridgeport's statement of financial position at December 31, 2020. (List Property. plant and equipment in order of land, buildings and equipment.)