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Bramble Company has an old factory machine that cost $59,750. The machine has accumulated depreciation of $33,460. Bramble has decided to sell the machine. (a)

Bramble Company has an old factory machine that cost $59,750. The machine has accumulated depreciation of $33,460. Bramble has decided to sell the machine.

(a) Prepare a tabular summary to record the sale of the machine for $29,875 cash.
(b) Prepare a tabular summary to record the sale of the machine for $17,925 cash.

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Assets Liabilities + Stockholders' Equity Retained Earnings Cash Equipment - Accum. Depr.-Equip. Common StockReven ExpenseDividend Bal (33460) Gain on disposal = Liabilities + Stockholders' Equity Retained Earnings Cash Equipment - Accum. Depr.-Equip. = +Common Stock Revenue ExpenseDividend Bal Loss on disposal Click if you would like to Show Work for this question: Open Show Work

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