During the current year, the Bobby Knight Company disposed of three different assets. On January 1 of the current year, prior to their disposal, the accounts reflected the following:

Asset	Original Cost		Residual Value		Estimated Life	Accumulated Depreciation (straight line)
Machine A	$	33,000	$	3,000	8 years	$	22,500 (6 years)
Machine B		53,000		4,000	8 years		36,750 (6 years)
Machine C		75,500		6,600	17 years		48,635 (12 years)

The machines were disposed of in the following ways:

a. Machine A: Sold on January 1 for $9,900 cash.

b. Machine B: Sold on December 31 for $10,825; received cash, $2,100, and a $8,725 interest-bearing (12 percent) note receivable due at the end of 12 months.

c. Machine C: On January 1, this machine suffered irreparable damage from an accident. On January 10, a salvage company removed the machine at no cost.

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1. Give all journal entries related to the disposal of each machine in the current year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

a. Machine A

b. Machine B

c. Machine C.

d. Explain the accounting rationale for the way that you recorded each disposal.

Record the disposal of Machine A Note: Enter debits before credits. Transaction General Journal Debit Credit