1 of 2 Book Print erences IW During the current year, Yost Company disposed of three different assets. On January 1 of the current year, prior to the disposal of the assets, the accounts reflected the following: Asset Machine A Machine B Machine C Original Cost Residual Value Estimated Life 8 years 10 years 15 years $21,000 120,000 85,000 a. Machine A. b. Machine B. c. Machine C. The machines were disposed of during the current year in the following ways: a. Machine A: Sold on January 1 for $5,000 cash. b. Machine B: Sold on December 31 for $30,500; received cash, $22,500, and an $8,000 interest-bearing (12 percent) note receivable due at the end of 12 months. $3,000 14,000 5,000 c. Machine C: On January 1, this machine suffered irreparable damage from an accident. On January 10, a salvage company removed the machine at no cost. Required A Required: 1. Give all journal entries related to the disposal of each machine in the current year. Accumulated Depreciation (straight line) $15,750 (7 years) 84,800 (8 years) 64,000 (12 years) Complete the following questions by preparing worksheet and journal entries given below. Required B Required C Give all journal entries related to the disposal of Machine C in the current year. Note: If no entry is required for a transaction/event celect "No inurnal entry required" in the first account field Check my work

During the curtent year, Yost Company disposed of three different assets. On January 1 of the current year, prior to the disposal of the assets, the accounts reflected the following: The machines were disposed of during the current year in the following ways: a. Machine A: Sold on January 1 for $5.000 cash b. Machine B: Sold on December 31 for $30,500; received cash, $22,500, and an $8,000 interest-bearing (12 percent) note receivable due at the end of 12 months. c. Machine C. On January 1, this machine suffered irreparable damage from an accident On January 10, a saivage company removed the mochine ot no cost. Required: 1. Glve all journal entries related to the disposal of each machine in the current yeac. a. Machine A. b. Machine B. c. Mochine C. Complete the following questions by preparing worksheet and journal entries given below. Give all joumal entries related to the disposal of Machine C in the current year: Give all journal entries related to the disposal of Machine C in the current year. Journal entry worksheet 2 Note: Enter debits before credits