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During the current year, ABC Company disposed of two different pieces of equipment. On January 1, prior to their disposal, the accounts reflected the following: Accumulated Original Mesidual Detinated Depreciation Asset Coat Value Life (straight-line) Machine A $31,000 $3,100 $23,25045 years) 6 years Machine 60,200 3,500 15 years 45,360 (12 years The mechines were disposed of in the following ways. a. Machine A: Sold on January 1 for $8,700 cash. b. Machine B: On January 1. ABC disposed of the machine by having it removed immediately by a salvage copmany at no cost, but ABC received no proceeds from the disposal. Assume no depreciation will be recorded for this year because the assets are being disposed of right at the beginning of the year. Required: Give the journal entries related to the disposal of Machine A and Machine B on January 1 of 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 Machine A: Sold on January 1 for $8,700 cash. Record the transaction. Notenter debits before credits General Journal Debat Credit Date January 01 Record entry Clear entry View general journal