Help Save Sub Required information Problem 8-6A Disposal of plant assets LO C1, P1, P2 [The following information applies to the questions displayed below! Onslow Co. purchased a used machine for $240,000 cash on January 2. On January 3. Onslow paid $6,000 to wire electricity to the machine and an additional $1,200 to secure it in place. The machine will be used for six years and have a $28,800 salvage value. Straight-line depreciation is used. On December 31, at the end of its fifth year in operations, it is disposed of. Problem 8-6A Part 1 Required: 1. Prepare journal entries to record the machine's purchase and the costs to ready it for use. Cash is paid for all costs incurred. View transaction list Journal entry worksheet 1 2 3 Record the purchase of a used machine for $240,000 cash. Note: Enter debits before credits Prov 23 of 3 Next > Required information Required: 1. Prepare journal entries to record the machine's purchase and the costs to ready it for use. Cash is paid for all costs incurred 1 of 3 View transaction list Journal entry worksheet Required: 1. Prepare journal entries to record the machine's purchase and the costs to ready it for use. Cash is paid for all costs incu Part 1 of 3 View transaction list points Journal entry worksheet 1. Prepare journal entries to record the machine's purchase and the costs to ready it for use. Cash is paid for t1 of 3 View transaction list nts Journal entry worksheet eBook Record the cost of $1,200 for an operating platform. Ask Note: Enter debits before credits Debit Credit General Journal Date Print Jan 03 References View general journal Clear entry Record entry 1 2 3 of 3