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Jan. $1$ Retired a piece of machinery that was purchased on January $1,2017.$ The machine cost $$64,500$ and had a useful life of $10$ years with no salvage value.

June $30$ Sold a computer that was purchased on January $1,2025.$ The computer cost $$39,900$ and had a useful life of $3$ years with no salvage value. The computer was sold for $$5,200$ cash.

Dec. $31$ Sold a delivery truck for $$9,000$ cash. The truck cost $$29,650$ when it was purchased on January $1,2024,$ and was depreciated based on a $5-$year useful life with a $$3,000$ salvage value.

Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of$,$ where applicable. Cullumber Corporation uses straight$-$line depreciation. $($Assume depreciation is up to date as of December $31,2026).($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Record journal entries in the order presinted in the problem. List all debit entries before credit entries.$)$

Date

Account Titles and Explanation

Debit

Credit

Jan. $1$

Accumulated Depreciation$-$Machine

Machine

Depreciation Expense

Accumulated Depreciation$-$Equipment

$($To record depreciation to date of disposal$)$

Loss on Disposal of Plant Assets

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