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Wildhorse Co. had the following assets on January 1,2025. During 2025, each of the assets was
removed from service. The machinery was retired on January 1. The forklift was sold on June 30
for $12,900. The truck was discarded on December 31. Journalize all entries required on the
above dates, including entries to update depreciation, where applicable, on disposed assets. The
company uses straight-line depreciation. All depreciation was up to date as of December 31, 2024.
(List all debit entries before credit entries. Credit account titles are outomatically indented when
the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the
account titles and enter O for the amounts.)

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Wildhorse Co had the following assets on January 12025 Du.pdf

  • 1. Wildhorse Co. had the following assets on January 1,2025. During 2025, each of the assets was removed from service. The machinery was retired on January 1. The forklift was sold on June 30 for $12,900. The truck was discarded on December 31. Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on disposed assets. The company uses straight-line depreciation. All depreciation was up to date as of December 31, 2024. (List all debit entries before credit entries. Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)