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give journal entries relayed to the dispos al to each machine in current year. a. machine A. b. machine B. c. machine C Uuring the
give journal entries relayed to the dispos al to each machine in current year. a. machine A. b. machine B. c. machine C
Uuring the current year. Yost Company disposed of three ditterent assets. On January 1 of the current year, prior to the disposal of the assets, the 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 $8,000 cash. b. Machine B: Sold on December 31 for $46,960; received cash, $37,568, and an $9,392 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. Required: 1. Give all journal entries related to the disposal of each machine in the current year. a. Machine A. b. Machine B. c. Machine C. Complete the following questions by preparing worksheet and journal entries given belowStep by Step Solution
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