Journal entry1-4

1.record the current year depreciation for machine A prior to disposal

2.Machine A: Sold on January 1 for 9,000 cash

3.Record the current year deprecistuon for machine B prior to disposal

4. Machine B: on january 1st this machine suffered irreplacable damage from an accident and was removed immediately by a salvage company at no cost

Ly Company disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following: Machine A Machine B Original Cost $30.000 59,20 Residual Value 53,000 3,200 Accumulated Depreciation (straight- Esticated Life line) 5 years $21,600 (4 years) 14 years 44,000 (11 years) 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 was sold to a salvage company at zero proceeds (and zero cost of removal). Required: 1. & 2. Prepare the journal entries related to the disposal of Machine A and B at the beginning of the current year. if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account fleld.) View transaction fist Journal entry worksheet 2 > Record the current year depreciation for Machine A prior to disposal. Noter Enter debits before credits General Journal Debit Credit Date January 01 Record entry Clear entry View general journal