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Current Attempt in Progress Pharoah Lure Co. purchased a machine on October 1,2022 for...

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Accounting

Current Attempt in Progress
Pharoah Lure Co. purchased a machine on October 1,2022 for $141,000. It has a $19,500 residual value and a 10-year useful life. On July 1,2024 the machine sold for $83,500. The company uses the double-declining-balance method of depreciation. The company fiscal year end is December 31.
Prepare the journal entries for 2022 through 2024.(Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record joumal entries in the order presented in the problem.)
Date
Account Titles and Explanation
Debit
Credit
Machinery
Cash
Depreciation Expense
Accumulated Depreciation -Equipment
2023? Up to july first which has four slots (depreciation expense in machinery for 2024)
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