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Presented here are selected transactions for Zhou Ltd for the year ended 31 December 2016:

Jan. 1		Scrapped a piece of machinery that was purchased on 1 January 2006 at a cash price of $66,660 including 10% of GST. The machinery had a useful life of 10 years with no residual value.
June 30		Sold a computer that was purchased on 1 January 2013 for $36,960 cash including 10% of GST. It had a useful life of 6 years with no residual value. The computer was sold for $14,740 cash including 10% of GST.
Dec. 31		Discarded a delivery truck that was purchased on 1 January 2012 for $24,200 cash including 10% of GST and was depreciated based on a 6-year useful life with a $2,200 residual value.

Purchase price of machinery, computer and delivery truck includes 10% of GST. Proceeds from sale of computer includes 10% GST. Required Journalise all entries required on the listed dates, including entries to update depreciation, where applicable, on assets disposed of. Zhou Ltd uses straight-line depreciation. (Assume depreciation is up to date as of 31 December 2015 and the GST rate is 10%.) (Enter debit entries first followed by credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Zhou Ltd General journal
Date	Account and explanation	Debit $	Credit $
2016
Jan. 1
June 30
June 30
Dec. 31
Dec. 31

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