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

During the current year, Rayon Corporation disposed of two different assets. On January $1,$ prior to their disposal, the accounts reflected the following:

$\backslash$table$[[,,,$Accumulated,$],[$Asset$,$Original Cost Residual Value,Estimated,$\backslash$table$[[$Life$],[$Depreciation$],[($straight$-$line$)]],],[$Machine A$,$$$55,000,$$$12,400,6$ years,$$21,300(3$ years$)],[$Machine B$,15,600,2,600,4$ years,$6,500(2$ years$)]]$

The machines were disposed of in the following ways:

a$.$ Machine A: Sold on January $2,$ for $$34,900$ cash.

b$.$ Machine B: On January $2,$ this machine was scrapped with zero proceeds $($and zero cost of removal$).$

Required:

$1.$&$2.$ Prepare the journal entries related to the disposal of Macksine A and Machine $B$ on January $2$ of the current year. $($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)**$has $4$ journal entries$**$