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please help - i need for deprication and dispos entries for A,B, & C. the last photo i included is all i have correct so
please help - i need for deprication and dispos entries for A,B, & C. the last photo i included is all i have correct so far and the format
Required Information [The following information applies to the questions displayed below! During the current year, Merkley Company disposed of three different assets. On January 1 of the current year, prior to the disposal of the assets, the accounts reflected the following: Accumulated Original Roaldunt Hatinated Depreciation Aset Coat Value Life (straight line) Machine $ 24,000 $ 3,000 12 years $17,500 (10 years) Machine a 53,000 4.000 10 years 39,200 (8 years) Machine C 75,600 5,300 15 years 36,240 (12 years) The machines were disposed of during the current year in the following ways: a. Machine A: Sold on January 1 for $6,200 cash b. Machine B: Sold on December 31 for $9,500; received cash, $2,400, and a $7100 Interest-bearing (12 percent) note recevable due at the end of 12 months c. Machine C: On January 1, this machine suffered irreparable damage from an accident. On January 10, a salvage company removed the machine at no cost. Required: 1. Give all journal entries related to the disposal of each machine in the current year. a. Machine A b. Machine B. c. Machine C. Complete the following questions by preparing worksheet and Journal entries given below. Required A Required B Required Give all yournal entries related to the disposal of Machine A in the current year. (If no entry is required for a transaction/event, select "No Journal entry required in the first account field.) View transaction that View transaction list Journal entry worksheet B Record the depreciation of Machine A. Note: Enter debits before credits General Journal Debit Credit Transaction January 01 Record entry Clear entry View general Journal Roche Required B > View transaction list Journal entry worksheet Step by Step Solution
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