On January 2, Bering Co. disposes of a machine costing $35,200 with accumulated depreciation of $18,962. Prepare the entries to record the disposal under each separate situation. 1. The machine is sold for $13,619 cash. 2. The machine is traded in for a new machine having a $51,700 cash price. A $16.762 trade-in allowance is received, and the balance is paid in cash. Assume the asset exchange has commercial substance. 3. The machine is traded in for a new machine having a $51700 cash price. A $12,571 trade-in allowance is received, and the balance is paid in cash. Assume the asset exchange has commercial substance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 The machine is sold for $13,619 cash. View transaction list Journal entry worksheet 1 Record the sale of the machine for $13,619 cash. Note: Enter debits before credits General Journal Debit Credit Date Jan 02 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 The machine is sold for $13,619 cash. View transaction list Journal entry worksheet