Question: Please help me understand where my numbers are wrong. TYIA. PA9-2 (Algo) Recording and Interpreting the Disposal of Long-Lived Assets [LO 9-5] Ly Company disposed

Please help me understand where my numbers are wrong. TYIA.

Please help me understand where my numbers are wrong. TYIA. PA9-2 (Algo)

Recording and Interpreting the Disposal of Long-Lived Assets [LO 9-5] Ly Company

disposed of two different assets. On January 1, prior to thelr disposal,

the accounts reflected the following: The machines were disposed of In the

following ways: a. Machine A: Sold on January 1 for $11,800 cash.

PA9-2 (Algo) Recording and Interpreting the Disposal of Long-Lived Assets [LO 9-5] Ly Company disposed of two different assets. On January 1, prior to thelr disposal, the accounts reflected the following: The machines were disposed of In the following ways: a. Machine A: Sold on January 1 for $11,800 cash. b. Machine B: On January 1, this machine was scrapped with zero proceeds (and zero cost of removal). Requlred: 1. \& 2. Prepare the journal entrles related to the disposal of Machine A and B at the beginning of the current year. (If no entry Is requlred for a transaction/event, select "No Journal Entry Requlred" In the flrst account fleld.) Journal entry worksheet Record the current year depreciation for Machine A prior to disposal. Note: Enter debits before credits. Journal entry worksheet Machine A: Sold on January 1 for $11,800 cash. Record the transaction. Note: Enter debits before credits. Journal entry worksheet Record the current year depreciation for Machine B prior to disposal. Note: Enter debits before credits. Journal entry worksheet 2 Machine B: On January 1, this machine was scrapped with zero proceeds (and zero cost of removal). Record the transaction. Note: Enter debits before credits

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