Problem Set as

Problem III: Plant Assets $(58$ points$)$

Part A: Mistoric Cost and Depreciation $(38$ points$)$

On April $15,2024,$ the general manager of Rubble Manufacturing Co$.$ attended a bankruptcy sale ang paid $$$5,000$ cash to purchase a forkift, sorting machinery, and office equipment. The generan manager was pleased with the purchase because he estimated the fair value of the items at:

$$9,500$ for the forklift

$$45,600$ for the sorting machinery

$$39,900$ for the office equipment

Prepare the general journal entry to properly record the purchase of the forkilt, packaging equipment, and office equipment as separate assets. $(8$ points$)$

$\backslash$table$[[$DATE$,$ACCOUNT NAMES,DEBIT,CREDIT$],[4.{?}^2{5}^{5}2024,$Forkift,$$9,800,],[,$Soiting Machinary,$$47,104,],[,$Office Equipment,$$41,096,],[,$Cash,,$$91,000$