City Shelter is a voluntary health and welfare organization that provides
emergency shelter and health care for the homeless, as well as educational
programs. South City Shelter incurred the following transactions:
A computer with a book value of $500 (original cost, $2,800) was
sold for $650.
Kitchen equipment with a book value of $1,100 (original cost, $3,500)
was damaged in a fire and taken to the dump.
Total depreciation for the year was $60,000.
To close the depreciation expense, it was determined that 70%
should be allocated to the Shelter Program, 15% to the Education Program, and
15% to the Health Care Program.
the necessary journal entries to reflect the events.