I Need Help Finding General Journal , Debit & Credit

Journal 1

A- Record the purchase of a used machine for $192,000 cash.

B-Record the costs of $8,000 incurred on the used machine.

C - Record the cost of $1,600 for an operating platform.

Journal 2

A- Record the first year year-end adjusting entry for the depreciation expense of the used machine.

B- Record the year of disposal year-end adjusting entry for the depreciation expense of the used machine.

Journal 3

A- Record the sale of the used machine for $23,500 cash.

B - Record the sale of the used machine for $94,000 cash.

C- Record the insurance settlement received of $34,000 resulting from the total destruction of the machine in a fire.

Required information Problem 8-6A Disposal of plant assets LO C1, P1, P2 (The following information applies to the questions displayed below.) Onslow Co. purchased a used machine for $192,000 cash on January 2. On January 3, Onslow paid $8,000 to wire electricity to the machine and an additional $1,600 to secure it in place. The machine will be used for six years and have a $23,040 salvage value. Straight-line depreciation is used. On December 31, at the end of its fifth year in operations, it is disposed of