List of Accounts:

Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Accumulated Depreciation-Plant Assets Advertising Expense Allowance for Doubtful Accounts Amortization Expense Bad Debt Expense Buildings Cash Common Stock Copyrights Cost of Goods Sold Depreciation Expense Dividends Equipment Franchise Freight-In Gain on Disposal of Land Gain on Disposal of Plant Assets Goodwill Income Tax Expense Income Taxes Payable Insurance Expense Interest Expense Interest Payable Interest Receivable Interest Revenue Inventory Land Land Improvements Loss on Disposal of Land Loss on Disposal of Plant Assets Maintenance and Repairs Expense Mortgage Payable No Entry Notes Payable Notes Receivable Other Operating Expenses Operating Expenses Patents Plant Assets Prepaid Insurance Property Tax Expense Research and Development Expense Revaluation Surplus Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Sales Revenue Service Revenue Unearned Service Revenue Website

Flounder Company has an old factory machine that cost $65,750. The machine has accumulated depreciation of 536,820. Flounder has decided to sell the machine. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, solect "No Entry for the account titles and entero for the amounts (a] What entry would Fiounder make to record the sale of the machine for $32,975 cash? (h) What entry would Hounder make to recard the sale of the machine for $19,725 cash No. Account Titles and Explanation Debit Credit