Exercise 9-24 Recording PPE disposal or exchange LO6 On January 2, 2020, Direct Shoes Inc. disposed of a machine that cost $90,000 and had been depreciated $48,850. Present the journal entries to record the disposal under each of the following unrelated assumptions: a. The machine was sold for $38,500 cash. View transaction list Journal entry worksheet < 1 Record the sale of machine. Note: Enter debits before credits. Date January 02, 2020 General Journal Debit Credit