pexpand the business. Notes ife of 15 years and residual value equal to 5$ of their cost. - The Cat Scrubbing Machine washed 6,000 cats in its first year of use. - Relevant depreciation has been recorded in the company's books up to 30 June 2022. During the year ended 30th June 2023, the following transactions took place: A. On 1 August 2022, CATastrophe sold their Cat Scrubbing Machine as they were A local veterinary practice agreed to purchase the machines for $120,000cash. concerned it may be damaging the cats' skins. An additional 1,000 washes had been done between July 2011 and the date of sale. B. On 30 October 2022, CATastrophe exchanged the land they had purchased for a The Salon was being advertised for $200,000. The land had a fair value of $220,000 Grooming Salon. at the time of the exchange. C. On 1 January 2023, CATastrophe traded in their Washing Van for a modified bus that would allow them to wash multiple cats at once. They received a trade-in of $40,000 for the van and paid an additional $20,000 cash to purchase the bus. REQUIRED: Prepare the general journal entries required to account for the asset disposals and acquisitions listed above for the year ended 30/6/12. (Round any decimals to 2 places) pexpand the business. Notes ife of 15 years and residual value equal to 5$ of their cost. - The Cat Scrubbing Machine washed 6,000 cats in its first year of use. - Relevant depreciation has been recorded in the company's books up to 30 June 2022. During the year ended 30th June 2023, the following transactions took place: A. On 1 August 2022, CATastrophe sold their Cat Scrubbing Machine as they were A local veterinary practice agreed to purchase the machines for $120,000cash. concerned it may be damaging the cats' skins. An additional 1,000 washes had been done between July 2011 and the date of sale. B. On 30 October 2022, CATastrophe exchanged the land they had purchased for a The Salon was being advertised for $200,000. The land had a fair value of $220,000 Grooming Salon. at the time of the exchange. C. On 1 January 2023, CATastrophe traded in their Washing Van for a modified bus that would allow them to wash multiple cats at once. They received a trade-in of $40,000 for the van and paid an additional $20,000 cash to purchase the bus. REQUIRED: Prepare the general journal entries required to account for the asset disposals and acquisitions listed above for the year ended 30/6/12. (Round any decimals to 2 places)