Help Save & Exit Submit Check my work 5 Fry VIII y un On January 2, 2018, Bering Co. disposes of a machine costing $32,600 with accumulated depreciation of $17.561. Prepare the entries to record the disposal under each of the following separate assumptions. rt 2 of 3 2. The machine is traded in for a newer machine having a $49,100 cash price. A $15,524 trade-in allowance is received, and the balance is paid in cash. Assume the asset exchange has commercial substance. 01:12:18 View transaction list Journal entry worksheet eBook > Hint Record the exchange assuming that the exchange has commercial substance. Note: Enter debits before credits General Journal Debit Credit Date Jan 02 Activate Windows ME Grow BE 835 AM 122000 9 O C Type here to search RI Home End Pgup Prison