Stern CorporationGenral Journal

# Transaction DR 1 Cash 3,866.00

Accumulated Depreciation, Factory Machine 27,367.00 Factory Machine

2 Depreciation Expense 7,850.00 Tools

3 Depreciation Expense, Automotive (a) 278.00 Accumulated Depreciation, Automotive (a)

Cash 2,336.00 Accumulated Depreciation, Automotive (b) 5,458.00 Loss on Sale of Asset © 560.00

Automotive Equipment4 Patent Amortization Expense (d) 11,250.00

Patent5 Cash 75.00

Accumulated Depreciation, Office Typewriter 1,027.00 Gain from Sales of Office TypewritterOffice Typewriter

6 Cash 80.00 Depreciation Expense, Furnitures and Fixtures (e) 36.75 Accumulated Depreciation, Furnitures and Fixtures 431.75

Accumulated Depereciation, Furnitures and FixturesFurniture and FixturesGain from Sales of Furniture amd Fixtures (f)

7 Depreciation Expense 407,279.28 Accumulated Depreciation, BuildingAccumulated Depreciation, Factory machineAccumulated Depreciation, Furnitures and FixturesAccumulated Depreciation, Automotive Accumulated Depreciation, Office Machines

467,894.78 -

Stern CorporationGenral Journal

CR

31,233.00

7,850.00

278.00

8,354.00

11,250.00

75.00 1,027.00

36.75 490.00 21.75

48,105.18 339,435.20 5,599.40 9,988.80 4,150.70

467,894.78

Factory machine Accumulated Dep, Factory Machines beg 3,425,585.00

31,223.00 sale sale 27,367.00

27,367.00 end 3,394,362.00

Tools beg 61,294.00

7,850.00

end 53,444.00

Automotive Equipment Accumulated Dep, Automotive Equipment beg 58,298.00

sales 5,458.00 8,354.00 sale

5,458.00 end 49,944.00

Patent beg 56,250.00

11,250.00 amortization

end 45,000.00

Office machine Accumulated Dep, Office Machine beg 42,534.00

1,027.00 sale sale 1,027.00

1,027.00 end 41,507.00

Furnitures and Fixtures Accumulated Dep, Furnitures and Fixtures

beg 56,484.00

490.00 sale 431.75

431.75 end 55,994.00

Building Accumulated Dep, Building beg 2,405,259.00

end 2,405,259.00

Accumulated Dep, Factory Machines 1,642,358.00 beg 339,435.20

1,981,793.20 1,954,426.20 end

Accumulated Dep, Automotive Equipment 37,156.00 beg 9,988.80 278.00

47,422.80 41,964.80 end

Accumulated Dep, Office Machine 28,005.00 beg 4,150.70

32,155.70 31,128.70 end

Accumulated Dep, Furnitures and Fixtures

40,400.00 beg 5,599.40 36.75

46,036.15 45,604.40 end

Accumulated Dep, Building 663,379.00 beg 48,105.18

711,484.18 711,484.18 end

Gross Accumulated Depreciation Net ($)

Land 186,563.00 186,563.00Building 2,405,259.00 711,484.18 1,693,774.82Factory machinery 3,394,352.00 1,954,426.20 1,439,925.80Furnitures and Fixtures 55,994.00 45,604.40 10,389.60Automotive equipment 49,944.00 41,964.80 7,979.20Office Machines 41,507.00 31,128.70 10,378.30Tools 53,444.00 53,444.00Patent 45,000.00 45,000.00

TOTAL 6,232,063.00 2,784,608.28 3,447,454.72

Explanations for entries

(a) Depreciation was computed by (1/6*.20*8354)(b) Accumulated Depreciation was got from 5180 + 278© loss on sale came from book value of car less depreciation and cash that was received(d) The entry came from 56250/5(e) Depreciation was computed by (9/12*.10*490(f) The gain came from (490-431.75=58.25, 80-58.25=21.75)