Non-Current Assets Machine A $33,000 Less Accumulated Depreciation - Machine A $15,000 $18,000

Machine A was purchased on 30 June 2016 for $33,000 with a useful life of 10 years and a residual value of $3,000. a. Prepare the general journal entry to record the sale of the machine on 30 June 2021 for $20,000 cash. b. Prepare the general journal entry to record the trade-in of the machine A on 30 June 2021 for a new machine B with a cost of $45,000, if a trade-in allowance of $15,000 was provided and the balance was paid in cash. c. Prepare the general journal entry to scrap machine A on 30 November 2021. d. Prepare the general journal entry to scrap machine A on 30 June 2023. e. Prepare the general journal entry to scrap machine A on 30 June 2021 where there are removal costs of $1,000 to be paid in cash. f. Prepare the general journal entry on this overhaul. On the 30 June 2021 a major component (part) was replaced at a cost of $5,000. After replacing the major component, machine A would Bondi Ltd would now see a 10% improvement in the output of the machine. On the 31 July 2021, the machine was serviced at a cost of $250.

Required: Record the journal entries to reflect events (a) to (f) below: