During the current year ended December $31,$ Rank Company disposed of three different assets. On January $1$

of the current year, prior to their disposal, the asset accounts reflected the following:

The machines were disposed of during the current year in the following ways:

a$.$ Machine A: Sold on January $1$ for $$7,300$ cash.

b$.$ Machine B: Sold on December $31$ for $$10,200$; received cash, $$3,100,$ and a $$7,100$ interest$-$bearing $(10$

percent$)$ note receivable due at the end of $12$ months.

c$.$ Machine C: On January $1,$ this machine suffered irreparable damage from an accident and was scrapped.

AP$8-5$ Part $1$

Required:

Give all journal entries related to the disposal of each machine in the current year.

a$.$ Machine A$.$

b$.$ Machine B$.$

c$.$ Machine C$.$