QuestioN TUOI View Policies Current Attempt in Progress Here are selected 2022 transactions of Pharoah Company Jan. 1 June 30 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $64,500 and had a useful life of 10 years with no salvage value. Sold a computer that was purchased on January 1, 2020. The computer cost $39,900 and had a useful life of 3 years with no salvage value. The computer was sold for $5,200 cash. Sold a delivery truck for $9,000 cash. The truck cost $29,650 when it was purchased on January 1, 2019, and was depreciated based on a 5-year useful life with a $3,000 salvage value. Dec. 31 Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable. Pharoah Company uses straight-line depreciation. (Assume depreciation is up to date as of December 31, 2021). (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Do not round intermediate calculations.) Date Debit Credit Account Titles and Explanation Accumulated Depreciation-Equipment Jan. 1 1 64500 Equipment June 30 Depreciation Expense 6650 Accumulated Depreciation-Equipment (To record depreciation to date of disposal) June 30 Cash 5200 Accumulated Depreciation-Equipment Loss on Disposal of Plant Assets Equipment (To record sale of computer) (To record depreciation to date of disposal) (To record retirement of truck) e Textbook and Media List of Accounts Attempts: 0 of 3 used Submit Answer Save for Later Last saved 4 minutes ago. Saved work will be auto-submitted on the due date