Requirements are using the straight-line method journalize entries

Here are selected 2022 transactions of Cheyenne Corp.. $64,400 and had a useful life of 10 years with no salvage value. nd had a useful life of 3 years with no salvage value. The computer was sold for $5,300 cas n January 1, 2019, and was depreciated based on a 5-year useful life with a \$3,000 salva\& Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable. Cheyenne Corp. uses straight-line depreciation. (Assume depreciation is up to date as of December 31, 2021). (Credit In recent years, Cheyenne Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below. For the declining-balance method, Cheyenne Company uses the doubledeclining rate. For the units-of-activity method, total machine hours are expected to be 42,000 . Actual hours of use in the first 3 years were 2021,1,000; 2022,4,600; and 2023,7,700