Presented below are selected transactions for Donald Company for 2021: 
Instructions
Journalize all entries required as a result of the above transactions. Donald Company uses the straight-line method of depreciation and has recorded depreciation to December 31, 2020.
Definitions:
Factory Machinery
Refers to the equipment and machines used in manufacturing processes within a factory setting.
Depreciation
The systematic allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.
Period Costs
Expenses that are not directly tied to production activities and are expensed in the period in which they are incurred.
Product Costs
Expenses directly tied to the production of goods or services, including raw materials and labor.
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Q43: During the Revolutionary War, tensions between backcountry
Q58: German immigrants greatly enhanced the ethnic and
Q59: The mound builders were a sophisticated ancient
Q64: Africans had experience cultivating rice in Africa
Q105: Determinable liabilities involve no uncertainty about all
Q157: When an asset is fully depreciated, the