Onslow Company purchased a used machine for $$288,000$ cash on January $2.$ On January $3,$ Onslow paid $$8,000$ to wire electricity to the machine. Onslow paid an additional $$1,600$ on January $4$ to secure the machine for operation. The machine will be used for six years and have a $$34,560$ salvage value. Straight$-$line depreciation is used. On December $31,$ at the end of its fifth year in operations, it is disposed of$.$

$3.$ Prepare journal entries to record the machine's disposal under each separate situation:

$($a$)$ it is sold for $$22,000$ cash and

$($b$)$ it is sold for $$88,000$ cash.

Journal entry worksheet

$1,2$

Record the sale of the used machine for $$22,000$ cash.

Note: Enter debits before credits.