1 Problem 8-6-Conn x Post Attendee - Zoom x Emor-Znam 40 Problem 8-6 eztomheducation.com/ext/map/index.html?_con-con&external_browser-08launchUrl=https%253A% 1252Tblackboard.stonybrook.edu%252Fwebapps%252Fportal%252Fframeset.jsp%253Ftab_tab_group_id%253D_2_1%2526url%253D%2525... Q Help Save & Sub 1 Part 1 of 2 - Required information The following information applies to the questions depleyed below! During the current year, Merkley Company disposed of the cents On January 1 of the current year prior to the caps of the auta, the account rated the following 10 1 T Lest chr Machdre Machdre $ 52,000 20 $5,000 5,200 15 years Accumulated Depreciation (straight) 5,750 (7 years) 30,000 (war) 64,200 (12 years) The machines were disposed of during the current year in the following ways: a. Machine A: Sold on January 1 for $5,000 cash Machine B. Sold on December 31 for $10.500; received cash. $2.500 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 salvage company removed the machine at no cost Required 1. Give all journal entries related to the disposal of each machine in the current year a. Machine A. b. Machine D c. Machine C Complete the following questions by preparing worksheet and journal entries given below. Required Required Required C Give al journal entries related to the deal of Machine 8 in the current year. (If he entry is required for a transaction/event, select "No journal entry required" in the first account field) View and Journal entry worksheet Record the depreciation of Machine Note: Eur Trad General Journal De Credit December 31 Val Ready Clear Check my work Required Information [The following information applies to the questions displayed below.] During the current year, Merkley 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 Original Cost Machine C $ 21,000 50,000 85,000 Residual Value $ 3,000 Estimated Life 8 years $ 4,000 10 years Accumulated Depreciation (straight line) 15,750 (7 years) 36,800 (8 years) 5,000 15 years 64,000 (12 years) 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 $10,500; received cash, $2,500, 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 salvage company removed the machine at no cost. Required: 1. Give all journal entries related to the disposal of each machine in the current year. a. Machine A. b. Machine B. c. Machine C. Complete the following questions by preparing worksheet and journal entries given below. Required A Required B Required C Give all journal entries related to the disposal of Machine B in the current year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < A B Record the disposal of Machine B. Note: Enter debits before credits. Transaction December 31 General Journal Debit Credit