Peckos Yo Company purchased a machine for $104.000 in cash on July 31, 20X1. The machine has an estimated useful life of 12 years and an estimated salvage value of $8,000. Peckos Yo Company uses the straight-line method for computing depreciation expense. Which ONE of the following is included in the journal entry necessary to record the sale of the machine of $51,000 cash at the end of 20X4? Note: The sale takes place after the recording of depreciation expense for 20X4 has been completed. O A DEBIT to Loss on Sale of Machine for $21,000 O A DEBIT to Loss on Sale of Machine for $25,667 O A CREDIT to Loss on Sale of Machine for $25,667 O A CREDIT to Gain on Sale of Machine for $21,000 P-Rock Company borrowed $16,600 on May 31, 20X1. The loan has an annual interest rate of 9%. P-Rock Company repaid the loan in full (both principal and interest) on May 31, 20X2. No payments were made on the loan between May 31, 20X1 and May 31, 20X2. Note: The correct adjusting entry with respect to this loan was recorded on December 31, 20X1. The single journal entry to record the repayment of the loan (both principal and interest) on May 31, 20X2 includes which of the following? O A CREDIT to Interest Expense for $623 O A CREDIT to Interest Payable for $872 A DEBIT to Interest Payable for $623 O A DEBIT to Interest Expense for $623