3 During the current year, Rayon Corporation disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following: 3 points Asset Machine A Machine B Estimated Life 6 years Original Cost Residual Value $54,000 $12,800 16,000 2,800 Accumulated Depreciation (straight-line) $20,600 (3 years) 6,600 (2 years) 8 03:38:01 4 years The machines were disposed of in the following ways: eBook Print a. Machine A: Sold on January 2, for $35,300 cash. b. Machine B: On January 2, this machine was scrapped with zero proceeds (and zero cost of removal). References Required: 1.&2. Prepare the journal entries related to the disposal of Machine A and Machine B on January 2 of the current year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) a View transaction list Journal entry worksheet Check my work 3 View transaction list Journal entry worksheet 3 points 8 03:34:01 Record the current year depreciation for Machine A prior to disposal. eBook Print Note: Enter debits before credits. References Date General Journal Debit Credit January 02 Record entry Clear entry View general journal 3 View transaction list Journal entry worksheet 3 points ?? 03:33:30 Record the disposal of Machine A. eBook Print Note: Enter debits before credits. References Date General Journal Debit Credit January 02 Record entry Clear entry View general journal Check my work 3 View transaction list Journal entry worksheet 3 points 03:33:07 Record the current year depreciation for Machine B prior to disposal. eBook Print Note: Enter debits before credits. References Date General Journal Debit Credit January 02 Record entry Clear entry View general journal Check my 3 View transaction list Journal entry worksheet 3 points 2 3 4 8 03:32:46 Record the disposal Machine B. eBook Print Note: Enter debits before credits. References Date General Journal Debit Credit January 02 Record entry Clear entry View general journal