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its a three part question that I seperated into seperate chegg questions, posting the other two if interested! Onslow Co. purchased a used machine for

its a three part question that I seperated into seperate chegg questions, posting the other two if interested! image text in transcribed
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Onslow Co. purchased a used machine for $192,000 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 $23,040 salvage value. Straight-line depreciation is used. On December 31, at the end of its fifth year in operations, it is disposed of. 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 Record the purchase of a used machine for $192,000 cash. Note: Enter debits before credits Debit Credit General Journal Date Jan 02 3 4 Required information 1. Prepare journal entries to record the machine's purchase and the costs to ready it for use. Cash is paid for all costs View transaction list 1 Record the purchase of a used machine for $192,000 cash. 2 Record the costs of $6,000 incurred on the used machine. 3 Record the cost of $1,200 for an operating platform. Credit Note : = journal entry has been entered View general journal Clear entry Record entry

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