Question: Please answer A and B During the current year, a company disposed of two different assets. On January 1, prior to their disposal, the accounts

Please answer A and B
Please answer A and B During the current year, a company disposed
of two different assets. On January 1, prior to their disposal, the

During the current year, a 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 2 for $30,000 cash. b. Machine B: On January 2, this machine was scrapped with zero proceeds (and zero cost of removal). Required: Prepare the journal entries related to the disposal of Machine A and B on the January 2 of the current year. Journal entry worksheet Machine A: Sold on January 2 for $30,000 cash. Record the transaction. Note: Enter deblts before crodts: Journal entry worksheet Machine B: On January 2, this machine was scrapped with zero proceeds (and zero cost of removal). Record the transaction. Note: Enter debits before credits

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