Journalize?

Question

E10-6 Presented below are selected transactions at Thomas Company for 2006.
Jan. 1 Retired a piece of machinery that was purchased on January 1, 1996. The machine
cost $62,000 on that date. It had a useful life of 10 years with no salvage value.
June 30 Sold a computer that was purchased on January 1, 2003.The computer cost $35,000. It
had a useful life of 5 years with no salvage value. The computer was sold for $12,000.
Dec. 31 Discarded a delivery truck that was purchased on January 1, 2002. The truck cost
$33,000. It was depreciated based on a 6-year useful life with a $3,000 salvage value.
Instructions
Journalize all entries required on the above dates, including entries to update depreciation,
where applicable, on assets disposed of. Thomas Company uses straight-line depreciation. (Assume
depreciation is up to date as of December 31, 2005.)

Answer 1

you might want to consult your class text book for help...