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Wren Ltds final trial balance on 30 June 2023 (end of the reporting period) included the following balances.

Processing plant (at cost)	$	74 000
Accumulated depreciation processing plant		(16 200)
Charter boats (at cost)		207 000
Accumulated depreciation boats		(133 163)

The following details relate to each asset

Asset	Purchase date	Cost	Estimated useful life	Estimated residual value
Boat 1	28 February 2019	$62 000	5 years	$3 000
Boat 2	1 September 2019	$66 400	5 years	$3 400
Boat 3	1 February 2020	$78 600	4 years	$3 600
Processing plant	1 April 2021	$74 000	10 years	$2 000

Wren Ltd calculates depreciation to the nearest month using straight-line depreciation for all assets. Amounts are recorded to the nearest dollar.

The following transactions and events occurred over the next financial year:

July 26, 2023	Traded in Boat 1 for a new boat (Boat 4) which cost $84 100. A trade-in allowance of $8900 was received and the balance was paid in cash. Registration and stamp duty costs of $1500 were also paid in cash. Boat 4 was given an estimated useful life and residual value at 6 years and $4 120 respectively.
Dec. 1, 2023	Overhauled the processing plant at a cash cost of $31 200. As the modernisation significantly expanded the plants operating capacity and efficiency, the remaining useful life was estimated to be 12 years. Residual value remained as $2 000.
Feb. 26, 2024	Boat 3 reached the end of its useful life but no buyer could be found, so the boat was scrapped.
June 30, 2024	Recorded depreciation on all assets.

Required:

Prepare general journal entries to record the transactions and events for the year ended 30 June 2024.

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