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Grouper Company has an old factory machine that cost $50,750. The machine has accumulated depreciation of $28,420. Grouper has decided to sell the machine. (Credit

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Grouper Company has an old factory machine that cost $50,750. The machine has accumulated depreciation of $28,420. Grouper has decided to sell the machine. (Credit account titles are automatically Indented when amount is entered. Do not Indent manually. If no entry is requlred, select "No Entry for the account titles and enter for the amounts.) (a) What entry would Grouper make to record the sale of the machine for $25,375 cash? (b) What entry would Grouper make to record the sale of the machine for $15,225 cash? No. Account Titles and Explanation (a) Debit Credit Cash 25375 Accumulated Depreciation Equipment 28420 Equipment 50750 Gain on Disposal of Plant Assets 3045 (b) Cash 15225 Accumulated Depreciation Equipment 28420 Loss on Disposal of Plant Assets Equipment 50750

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