The following transactions occurred during 2009. Assume that depreciation of 10% per year is charged on all machinery and 5% per year on buildings, on a straight-line basis, with no estimated salvage value. Depreciation is charged for a full year on all fixed assets acquired during the year, and no depreciation is charged on fixed assets disposed of during the year.

Jan. 30 A building that cost $132,000 in 1992 is torn down to make room for a new building. The wrecking contractor was paid $5,100 and was permitted to keep all materials salvaged.

Mar. 10 Machinery that was purchased in 2002 for $16,000 is sold for $2,900 cash, f.o.b. purchaser’s plant. Freight of $300 is paid on this machinery.

Mar. 20 A gear breaks on a machine that cost $9,000 in 2004, and is replaced at a cost of $385. The replacement does not extend the useful life of the machine.

May 18 A special base installed for a machine in 2003 when the machine was purchased has to be replaced at a cost of $5,500 because of defective workmanship on the original base. The cost of the machinery was $14,200 in 2003. The cost of the base was $3,500, and this amount was charged to the Machinery account in 2003.

June 23 One of the buildings is repainted at a cost of $6,900. It had not been painted since it was constructed in 2005.

Instructions

Prepare general journal entries for the transactions. (Round to nearest dollar.)