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PB9-2 (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

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PB9-2 (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: The machines were disposed of in the following ways: a. Machine A: Sold on January 2 , for $33,700cash. b. Machine B: On January 2, this machine was scropped with zero proceeds (and zero cost of removal). Required: 1.\&2. Prepare the journal entries related to the disposal of Machine A and Machine 8 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.) 1.\&2. Prepare the journal entries related to the disposal of Machine A and Machine B on January 2 of the current year. (If no required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the current year depreciation for Machine A prior to disposal. Note: Enter debits before credits. 1.82. Prepare the journal entries related to the disposal of Machine A and Machine B on January 2 of the current year. required for a transaction/event, select "No Journal Entry Required" In the first account field.) Journal entry worksheet 4 Note: Enter debits before credits 1.\&2. Prepare the journal entries related to the disposal of Machine A and Machine B on January 2 of the current year. required for a transaction/event, select "No Journal Entry Required" in the first account fleld.) Journal entry worksheet 1 Record the current year depreclation for Machine B prior to disposal. Note: Enter debits before credits. 82. Prepare the journal entries related to the disposal of Machine A and Machine B on January 2 of the current year. (ff no entry is required for a transaction/event, select "No Joumal Entry Required" in the first account field.) Journal entry worksheet Record the disposal of Machine B. Note: fnter debits before credits

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