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please use this list to fill in the blanks accounts payable, accounts receiveable, accumlated amortization, accumulated depreciation-building, accumulated depreciation-equipment, accumulated depreciation-vehicle, accumlated other, additional, advertising

please use this list to fill in the blanks
accounts payable, accounts receiveable, accumlated amortization, accumulated depreciation-building, accumulated depreciation-equipment, accumulated depreciation-vehicle, accumlated other, additional, advertising expense, cash, common stock, cost of goods, depreciation expense, equipment, gain on disposal, loss on disposal, service revenue, supplies. image text in transcribed
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Ly Company disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following: Asset Machine Machine B Original Cost $36,000 68,200 Residual Value $3,900 4,500 Estimated Life 5 years 14 years Accumulated Depreciation (straight-line) $25,680 (4 years) 50,050 (11 years) The machines were disposed of in the following ways: a. Machine A: Sold on January 1 for $10,800 cash. b. Machine B: On January 1, this machine was sold to a salvage company at zero proceeds (and zero cost of removal). Required: 1. & 2. Prepare the journal entries related to the disposal of Machine A and B at the beginning of the current year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) No Date January 01 Answer is not complete. General Journal Accumulated Depreciation Equipment Debit Credit 1 25,680 2 January 01 Cash 10,800 Cost of Goods Sold 10,800 3 Lanuary 01 Acumulated Danciation Enuinment 50.00 Journal entry worksheet Record the current year depreciation for Machine A prior to disposal. Note: Enter debits Nefore credits. Debit Credit Date January 01 General Journal Accumulated Depreciation-Equipment 25,680 Record entry Clear entry View general Journal Journal entry worksheet

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