1 Cost of Factory Machine Acc.

Dep BookValue as of Jan 2, 2006 Selling Price Gain/Loss Journal Entry on Jan 2,2010 Cash Acc Dep of Fac.Machine

31,233 27,367 3,866 3,866 -

Buy Fixed Assets at cost Cash/Payable Sell Acc. Dep Cash at cost Fixed Assets

3,866 27,367 FM 31,233 (this journal to record the selling of FM) 2 Tools used/expense Tools (this journal to record..) BookValue as of Jan 1,2006 3 Depr Jan-Feb Journal Entry on Mar 1,2010 Dep of Auto Equip Acc Dep of Auto Equip (to record the Depreciation) BookValue Cost of Auto Equip Acc Depr Dec 31,2009 Depr. Exp March 1,2010 BookValue as of March1,2006 Selling Price Loss on Sale Journal Entry on Mar 1,2010 Cash Acc Dep of Auto Equip Loss on sale of Auto Equip Automotive Equipment (to record the selling of AE) 4 Amortization of Patent Patent (this journal to record amortization of Patent for the year 2006) 5 Jan 1,2006 BookValue = 0 Journal July 1,2006 3,174 278.47 278.47 278.47 7,850 7,850

8,354 5,180.00 278.47 2,895.53 2,336.00 559.53

2,336 5,180 560 8,076

11,250 11,250

Cash Acc Dep Office Machines Office Machines Gain on sales of Office Mach. 6 Jan 1,2006 acc dep 395 January to October Dep of Furn & Fixt Acc Depr of F&F (this journal to record..) Cost of F&F Acc Depr as of Oct 1,2006 Book Value as of Oct 1,2006 Selling Price Gain on sale Journal Oct 1,2006 Cash Acc Dep F&F Gain on sale

75 1,027 1,027 75

36.75 36.75 36.75

490 431.75 58.25 80 21.75

80 431.75 490 21.75