DO ALL REQUIRED A B AND C

During the current year, Merkley Company disposed of three different assets. On January 1 of the current year, prior to the disposal of the assets, the accounts reflected the following: Original Cost Residual Value Estimated Life Accumulated Depreciation (straight line) $22,500 (6 years) Asset Machine A $ 3,000 $ 33,000 53,000 8 years 10 years Machine B 4,000 39,200 (8 years) Machine C 76,200 6,900 16 years 51,975 (12 years) The machines were disposed of during the current year in the following ways: a. Machine A: Sold on January 1 for $10,000 cash. b. Machine B: Sold on December 31 for $9,500; received cash, $2,200, and a $7,300 Interest-bearing (12 percent) note receivable due at the end of 12 months. c. Machine C: On January 1, this machine suffered irreparable damage from an accident. On January 10, a salvage company removed the machine at no cost. Required: 1. Give all journal entries related to the disposal of each machine in the current year. a. Machine A. b. Machine B. c. Machine C. Complete the following questions by preparing worksheet and journal entries given below. Required A Required B Required C Give all journal entries related to the disposal of Machine A in the current year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet