Problem
February 1 and August 1 payments on bonds payable
Mar 1, 2021 purchased 500 shares in the open market for $26 each
August 1, 2021 - Sold equipment that XYZ no longer needed for $400 in cash
The equipment had originally been purchased for 5000 at the beginning of 2013 and fully depreciated last year
November 30 Discovered an asset retirement obligation on one piece of a building that will cost $50,000 in 20 years December 30, 2021 use of patent changed sufficiently to test for impairment - future cash flows equal to $6,500/yr for 4 years Dec 30, 2021 paid dividends equal to $.60 per share.
Record accrued interest and depreciation on 2020 asset.