Blossom's Lumber Mill sold two machines in 2020. The following information pertains to the two machines:

Machine		Cost		Purchase Date		Useful Life		Salvage Value		Depreciation Method		Date Sold		Sales Price
#1		$60,000		7/1/16		5 yrs		$5,000		Straight-line		7/1/20		$14,000
#2		$45,000		7/1/19		5 yrs		$4,500		Double-declining-balance		12/31/20		$30,000

(b)

Prepare the journal entries in 2020 to record 2020 depreciation and the sale of each machine. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Machine 1

Account Titles and Explanation	Debit	Credit
enter an account title to record depreciation expense	enter a debit amount	enter a credit amount
enter an account title to record depreciation expense	enter a debit amount	enter a credit amount
(To record depreciation expense)
enter an account title to record sale of equipment	enter a debit amount	enter a credit amount
enter an account title to record sale of equipment	enter a debit amount	enter a credit amount
enter an account title to record sale of equipment	enter a debit amount	enter a credit amount
enter an account title to record sale of equipment	enter a debit amount	enter a credit amount
(To record sale of equipment)

Machine 2

Account Titles and Explanation	Debit	Credit
enter an account title to record depreciation expense	enter a debit amount	enter a credit amount
enter an account title to record depreciation expense	enter a debit amount	enter a credit amount
(To record depreciation expense)
enter an account title to record sale of equipment	enter a debit amount	enter a credit amount
enter an account title to record sale of equipment	enter a debit amount	enter a credit amount
enter an account title to record sale of equipment	enter a debit amount	enter a credit amount
enter an account title to record sale of equipment	enter a debit amount	enter a credit amount
(To record sale of equipment)