3 Required information Part 1 of 3 [The following information applies to the questions displayed below] Onslow Co. purchased a used machine for $144,000 cash on January 2. On January 3, Onslow paid $6,000 to wire electricity to the machine and an additional $1,200 to secure it in place. The machine will be used for six years and have a $17,280 salvage value. Straight-line depreciation is used. On December 31, at the end of its fifth year in operations, it is disposed of. 6 points Required: eBook 1. Prepare journal entries to record the machine's purchase and the costs to ready it for use. Cash is paid for all costs incurred. Print View transaction list References Journal entry worksheet 2 Record the costs of $6,000 incurred on the used machine. Note: Enter debits before credits Date General Journal Debit Credit 6,000 Jan 03 6,000 View general journal Clear entry Record entry Connect Homework: Chapter 8 3 Required information Part 1 of 3 [The following information applies to the questions displayed below. Onslow Co. purchased a used machine for $144,000 cash on January 2. On January 3, Onslow paid $6,000 to wire electricity to the machine and an additional $1,200 to secure it in place. The machine will be used for six years and have a $17,280 salvage value. Straight-line depreciation is used. On December 31, at the end of its fifth year in operations, it is disposed of. 6 points Required: eBook 1. Prepare journal entries to record the machine's purchase and the costs to ready It for use. Cash is pald for all costs Incurred. Print View transaction list References Journal entry worksheet > 3 Record the cost of $1,200 for an operating platform Note: Enter debits before credits Date General Journal Debit Credit Jan 03 1,200 1,200 Clear entry Record entry View general journal