Bramble Corporation owns machinery that cost $34,400 when purchased on January 1, 2023. Depreciation has been recorded at a rate of $5,160 per year, resulting in a balance in
accumulated depreciation of $10,320 at December 31, 2024. The machinery is sold on September 1, 2025, for $22,640.
(a)
Prepare the journal entry to update depreciation for 2025. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select
"No Entry" for the account titles and enter 0 for the amounts. List debit entry before credit entry.)
Date
Account Titles and Explanation
September 1, 2025
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List of Accounts
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Debit
Credit
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