1.As part of a major renovation at the beginning of the year, Bonhams Bakery sold shelving units (store fixtures) that were 13 years old for $1,900 cash. The original cost of the shelves was $6,600 and they had been depreciated on a straight-line basis over an estimated useful life of 15 years with an estimated residual value of $900.

Record the sales of shelving units.

Note: Enter debits before credits.

	Transaction General Journal Debit Credit a

2.

Manrow Growers, Incorporated, owns equipment for sowing and harvesting its organic fruit, vegetables, and tree nuts that are sold to local restaurants and grocery stores. At the beginning of this year, an asset account for the company showed the following balances:

Equipment	$ 356,000
Accumulated depreciation through the end of last year	249,750

During the current year, the following expenditures were incurred for the equipment:

Major overhaul of the equipment on January 1 of the current year that improved efficiency	42,000
Routine maintenance and repairs on the equipment	6,500

The equipment is being depreciated on a straight-line basis over an estimated life of eight years with a $23,000 estimated residual value. The annual accounting period ends on December 31.

record the adjusting entry for depreciation on the equipment at the end of latst year

Note: Enter debits before credits.

	Transaction General Journal Debit Credit A