Here are selected 2014 transactions of Cleland Corporation.

Jan. 1 Retired a piece of machinery that was purchased on January 1, 2004. The machine cost $61,510 and had a useful life of 10 years with no salvage value.
June 30 Sold a computer that was purchased on January 1, 2012. The computer cost $35,200 and had a useful life of 4 years with no salvage value. The computer was sold for $4,840 cash.
Dec. 31 Sold a delivery truck for $9,230 cash. The truck cost $24,050 when it was purchased on January 1, 2011, and was depreciated based on a 5-year useful life with a $3,990 salvage value.

Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable. Cleland Corporation uses straight-line depreciation.(Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date Account Titles and Explanation Debit Credit
June 30Dec. 31Jan. 1
June 30Jan. 1Dec. 31
(To record depreciation expense for the first 6 months of 2014)
June 30Dec. 31Jan. 1
(To record depreciation expense for the year 2014)