Ly Company disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following:

The machines were disposed of in the following ways:
a. Machine A: Sold on January 1 for $ 9,000 cash.
b. Machine B: On January 1, this machine suffered irreparable damage from an accident and was removed immediately by a salvage company at no cost.
Required:
1. Give the journal entry related to the disposal of Machine A at the beginning of the current year.
2. Give the journal entry related to the disposal of Machine B at the beginning of the current year.

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A ccumulated Depreciation (straight-line) $21,600 (4 years) $44000 (11 years) Original Cost Residual Value Estimated Life 5years Asset Machine A Machine B $30,000 53,200 $3.000 3.200 14 years