Presented here are selected transactions for Cullumber Limited for 2021. Cullumber uses straight-line depreciation and records adjusting entries annually. Jan. 1 Sept. 1 Dec. 30 Sold a delivery truck for $19,430 cash. The truck cost $63,480 when it was purchased on January 1, 2018, and was depreciated based on a four-year useful life with a $5,460 residual value. Sold computers that were purchased on January 1, 2019. They cost $11,061 and had a useful life of three years with no residual value. The computers were sold for $460 cash. Retired equipment that was purchased on January 1, 2012. The equipment cost $163,600 and had a useful life of 10 years with no residual value. No proceeds were received.

Presented here are selected transactions for Cullumber Limited for 2021. Cullumber uses straight-line depreciation and records adjusting entries annually. Jan. 1 Sold a delivery truck for $19,430 cash. The truck cost $63,480 when it was purchased on January 1,2018 , and was depreciated based on a four-year useful life with a $5,460 residual value. Sept. 1 Sold computers that were purchased on January 1, 2019. They cost $11.061 and had a useful life of three years with no residual value. The computers were sold for $460 cash. Dec. 30 Retired equipment that was purchased on January 1, 2012. The equipment cost $163,600 and had a useful life of 10 years with no residual value. No proceeds were received. Record the above transactions, (List all 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 Ofor the amounts.) D