Question: Your answer is partially correct. Try again. Here are selected 2017 transactions of Blue Corporation. Jan.1 Retired a piece of machinery that was purchased on

 Your answer is partially correct. Try again. Here are selected 2017

Your answer is partially correct. Try again. Here are selected 2017 transactions of Blue Corporation. Jan.1 Retired a piece of machinery that was purchased on January 1, 2007. The machine cost S61,900 and had a useful iHe of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1. 2015. The computer cost $36,400 and had a useful lite of 4 years with no salvage value. The computer was sold for S4,800 cash. Dec. 31 Sold a delivery truck for $9,030 cash. The truck cost $23,500 when it was purchased on January 1, 2014, and was depreciated based on a 5-year useful life with a $3,500 salvage value. Prepare a tabular summary to record all transactions described on the above dates. Update depreciation on assets dsposed of, where applicable. Blue Corporation uses straighi-line depreciation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders Equity, place a nogative sign (or parenthesos) in front of the amount entered for the particular Asset, Liability or Equity itom that was reducod.) Assets Stockholders' Equity Retained Earnings Cash Equipment Accum. Depr.-Equip. + Common Stock + Dividend = - Jan. 1 61900 61900 June 30 4550 4550 8850 Loss on disposal Dec. 31 4000 4000 1530 Gain on disposal Click if you would like to Show Work for this question: Open Show Work

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