Question: Please provide a accurate answer Thank you! Presented here are selected transactions for Blossom Limited for 2021. Blossom uses straight-line depreciation and records adjusting entries

 Please provide a accurate answer Thank you! Presented here are selected

transactions for Blossom Limited for 2021. Blossom uses straight-line depreciation and records

Please provide a accurate answer

Thank you!

Presented here are selected transactions for Blossom Limited for 2021. Blossom uses straight-line depreciation and records adjusting entries annually. Jan. 1 Sept. 1 Sold a delivery truck for $18,360 cash. The truck cost $67,930 when it was purchased on January 1, 2018, and was depreciated based on a four-year useful life with a $6,490 residual value. Sold computers that were purchased on January 1, 2019. They cost $10,161 and had a useful life of three years with no residual value. The computers were sold for $490 cash. Retired equipment that was purchased on January 1, 2012. The equipment cost $135,100 and had a useful life of 10 years with no residual value. No proceeds were received. Dec. 30 (a) Record the above transactions. (Listall debit entries before credit entries. Credit account titles are automatically indented when the 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 Account Titles and Explanation Debit Credit Jan. 1 Sept. (To record depreciation expense) 1 (To record the sale of equipment for cash) Dec. 30 (To record depreciation expense) 30 (To record the retirement of equipment)

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