On January 2, 2023, Direct Shoes Inc. disposed of a machine that cost $85,000 and had been depreciated $45,850. Present the journal entries to record the disposal under each of the following unrelated assumptions:

a. The machine was sold for $33,500 cash.

b. The machine was traded in on new tools having a $119,000 cash price. A $41,000 trade-in allowance was received, and the balance was paid in cash. Since the tools have been customized, the fair values are not known.

c. The machine plus $69,000 was exchanged for a delivery van having a fair value of $105,000.

d. The machine was traded for vacant land adjacent to the shop to be used as a parking lot. The land had a fair value of $76,000, and Direct Shoes Inc. paid $26,000 cash in addition to giving the seller the machine.

Di January 2, 2023, Duect Shoes inc, disposed of a machire thot cos1 585000 and had beth deprecided 545 850, Phesent the fournat entries to record the disposal under oach of the folowing vesielated assumptionis 0. The machane was sold for $33,500cash, Journal entry worksheet Feosed the sie of mactive. b. The machine was traded in on new tools having as $119.000 cash price. A $41000 trade in alowance Was tecelved, and the batanot was pald in cash. Since the tools have been customized, the fair values are not known. Journal entry worksheet Fecord the exchange of machine. Wimte: Enter deknis bertore credits. c. The machine plus $69,000 was exchanged for a delivery van having a falr value of $105,000. Journal entry worksheet Record the exchange of machine. Note: Enter debras before credits 3. The machine wes traded for vacant land adjacent to the shiop to be used as parking lot. The land hed a far walue of $7 a ioge med Drect Stioes the-paid $26.000 cost in adition to glving the seder the machrost Journal entry worksheet Record the exchripe of machine