Ly Company disposed of two different assets. On Januaryt prior to their disposal, the accounts reflected the following Original Accumulated Depreciation Asset Cost Residual Value Estimated Life (straight-line) 53,000 $5,000 5 years $30,489 4 years) 12 years 555,358 (9 years) The machines were disposed of in the following ways: 5,400 Machine A Sold on January 1 for $13,500 cash. Machine B. on January this machine was scrapped with zero proceeds (and zero cost of removal Required 1. & 2. Prepare the journal entries related to the disposal of Machine A and B at the beginning of the current year. Ofne entry is required for a transaction/event, select "No Journal Entry Required in the first account field) Journal entry worksheet 23 Machine A: Sold on January 1 for $13,500 cash. Record the transaction. Note: Enter debits before credits. General Journal Credit Date January 01 Debit 13,500 Cash Record entry Clear entry View general journal Journal entry worksheet 7