Question: I am not sure how this is wrong, help please. Metiock Corporation owns machinery that cost $24,000 when purchased on July 1, 2021. Depreciation has

I am not sure how this is wrong, help please.

Metiock Corporation owns machinery that cost $24,000 when purchased on July 1, 2021. Depreciation has been recorded at a rate of $2.880 per year, rewulting in a balance in accumulated depreciation of $10,080 at December 31,2025 . The machinery is sold on September 1,2026, for $6,240 Prepare joumal entries to (a) update depreciation for 2026 and (b) record the sale. (Credit account titles are outomatically indented when amount is enterod. Do not indent manwally. In no entry is required, select 'No Entry' for the account titles and enter Ofor the amounts List all debit entries before credit entries) No. Account Titles and Explanation Debit Credit (a) Depreciathen Expenye AccumuiatedDepreciation - Machinery (b) Cinh Accurmulated Depreciabion - Machinery Machinery Gava an Duposal of Machinery

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