Reference no: EM132768153

Question: June 23 $5,080.00 BADCK 10300. June 23 $38.90

A certified check for was received from Arlene Baxter as payment to cover her NSF check. On June 15, the check for $5,000.00 plus an $80.00 handling fee was charged back to Ms. Baxter's account. Invoice Number: (for bad check). Customer Number:

Store supplies purchased on account for a total of on June 22 were returned to Anderson Supply. Invoice Number: A5049.

June 23

Sold used shop equipment (metal lathe) for $320.00. The equipment was purchased at a total cost of $2,200.00 early in 2009. Using units of production depreciation, the accumulated depreciation account balance at the end of the first quarter (March 31) totals $1,830.00 Depreciation is recorded at the rate of $1.00 for each hour of operation. Through June 23 of this quarter, an additional 260 hours of operation have accumulated on the lathe's meter.

(1) Record the depreciation. Invoice Number: DEPRE (for depreciation).

(2) Record the sale of the asset. Invoice Number: ASALE (for asset sale).