On January 2, Bering Company disposes of a machine costing $51200 with accumulated depreciation of $27581 Prepare the entries to record the disposal under each separate situation 1. The machine is sold for $19,809 cash 2 The machine is traded in for a new machine having a $67700 cash price. A $24,381 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 $67,700 cash price. A $18.286 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. RequiredRequired 2 Required 3 The machine is traded in for a new machine having a $67,700 cash price. A $24,381 tra --in allowance is received, and the balance is paid in cash. Assume the asset exchange has commercial substance nice View transaction list Journal entry worksheet + Record the exchange atsuming that the exchange has commercial substance the interdits before it General Journal Date January 02 Debit Crodit Ic Ta One Connect 51200 wicepreciation of och det the US 2 for 5677004320d A.com 3. The storm 26 de Ish his titoli TG GP 2 The machine is traded in for a new machine having a 567700 cash price. A $24,381 trade-in allowance is received and t is paid in cash. Assume the asset exchange has commercial substance 3. The machine is traded in for a new machine having a $67700 cash price. A $18.286 trade-in allowance is received, and the 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 a The machine is traded in for a new machine having a $67,700 cash price. A $18,286 trade-In allowance is received, and the balance paid in cash. Assume the asset exchange has commercial substance. View transaction list Journal entry worksheet