PA$9-2($Algo$)$ Recording and Interpreting the Disposal of Long$-$Lived Assets $[$LO $9-5]$

Ly Company disposed of two different assets. On January $1,$ prior to their disposal, the accounts reflected the following:

$\backslash$table$[[$Asset$,\backslash$table$[[$Original$],[$Cost$]],\backslash$table$[[$Residual$],[$Value$]],\backslash$table$[[$Estimated$],[$Life$]],\backslash$table$[[$Accumulated$],[$Depreciation$],[($straight$-$line$)]]],[$Machine A$,$$$39,000,$$$4,500,6$ years, years$)],[$Machine B$,75,200,5,900,14$ years, years$)]]$

The machines were disposed of in the following ways:

a$.$ Machine A: Sold on January $1$ for $$11,000$ cash.

b$.$ Machine B: On January $1,$ this machine was scrapped with zero proceeds $($and zero cost of removal$).$

Required:

& $2.$ Prepare the journal entries related to the disposal of Machine A and $B$ at the beginning of the current year. $($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

A