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Martinez Company has an old factory machine that cost $ 48,000. The machine has accumulated depreciation of $ 26,880. Martinez has decided to sell the

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Martinez Company has an old factory machine that cost $ 48,000. The machine has accumulated depreciation of $ 26,880. Martinez 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, select "No Entry for the account titles and enter for the amounts) (a) What entry would Martinez make to record the sale of the machine for $ 23,880 cash? What entry would Martinez make to record the sale of the machine for $ 13,880 cash? (6) No. Account Titles and Explanation Debit Credit (a) Cash Accumulated Depreciation Equipment Equipment Gain on Disposal of Plant Assets 6 (b) Cash Accumulated Depreciation Equipment Loson Disposal of Plant Assets Equipment

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