PB9-2 Recording and Interpreting the Disposal of Long-Lived Assets [LO 9-5] 10 points During the current year Rayon Corporation disposed of two different assets. On January 1. prior to their disposal, the accounts reflected the following Accumulat Depreciation Original Residual Estimated (straight-1ine) Life 7 years 5 years Asset Cost Value $28, ee0 (4 years) Machine A 56e,888 $11, Machine B eBoo 14,280 1,925s 7,365 (3 years) PHnt The machines were disposed of in the following ways a Machine A: Sold on January 2, for $33,500 cash b Machine B: On January 2 this machine was sold to a salvage company at zero proceeds (and zero cost of removal) References Required: 1.82. Give the journal entries related to the disposal of Machine A and Machine B on January 2 of the current year (If no entry Is requlred for a transection/event, select "No Journal Entry Required" In the first account fleld.) View transaction list Journal entry worksheet Record the current year depreciation for Machine A prior to disposal January 0 Record entby Clear entry View general journal Chapter 9 Graded HW Problems 9 PB9-2 Recording and Interpreting the Disposal of Long-Lived Assets [LO 9-5 10 point During the current year Rayon Corporation disposed of two different assets. On January 1 prior to their disposal the accounts reflected the following: Accumulated Depreciation (straight-line) 28,880 (4 years) 7,365 (3 years Original Residual Estimated Asset Machine A Nachine B Value 68,880 $11,8ee 1,925 Cost Life 7 years S years eBook 14, 280 The machines were disposed of in the following ways a Machine A: Sold on January 2, for $33,500 cash b Machine B: On January 2, this machine was sold to a salvage company at zero proceeds (and zero cost of removal). References Required: 1&2. Give the journal entries related to the disposal of Machine 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.) View transaction list Journal entry worksheet Record the disposal of Machine A Note: Enter debits before credts January 02 Clear entry View general joumal Record entry 9 PB9-2 Recording and Interpreting the Disposal of Long-Lived Assets [LO 9-5] 10 pcints During the current year, Rayon Corporation disposed of two different assets. On January 1. prior to their disposal the accounts refiected the following: originl RtesidunlstintAccniatsen Asset Machine A Machine s Accusulated Depreciation (straight-line) $28,eee (a years) 365 (3 years) Cost Value Life 7 years s years Book $6e,eee $11,600 14,280 1,925 Prin The machines were disposed of in the following ways: a Machine A Sold on January 2. for $33,500 cash. Peterences b Machine B On January 2, this machine was soild to a salvage company at zero proceeds (and zero cost of removal). Required: 1.&2. Give the journal entries related to the disposa of Machine A and Machine B on Jenuary 2 of the current year (if no entry ls required for a transection/event, select "No Journal Entry Required" In the first account field.) Journal entry worksheet Record the current year depreciation for Machine B prior to disposal Note: Enter debits before credits January 02 Record entry Clear entry iew general journal PB9-2 Recording and Interpreting the Disposal of Long-Lived Assets [LO 9-5] During the current year, Rayon Corporation disposed of two different assets. On Januany 1. prior to their disposal, the accounts reflected the following: original Residual Estinated Life 7 years s years Depreciation (straight-line) Value $68,808 $11,888 1:925 Cost Asset Machine A Machine 8 $28,e80 (4 years) 14,28e ,365 (3 years) The machines were disposed of in the following ways: a. Machine A: Sold on January 2, for $33,500 cash. b Machine B On January 2, this machine was sold to a salvage company at zero proceeds (and zero cost of removal). Required: 1.82. Give the journal entries related to the disposal of Machine A and Machine B on January 2 of the current year. (If no entry ls required for transaction/event, select "N Journal Entry Required" In the first account neld.) View transaction list Journal entry worksheet K 23 4 Record the disposal of Machine B. Note: Enter debits before credts Date January 02 Record entry Clear entry View general journal