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Prepare the journal entry to record TWO of the following scenarios. Please be sure to identify which scenarios you have selected (a) Discarding of Machine

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Prepare the journal entry to record TWO of the following scenarios. Please be sure to identify which scenarios you have selected (a) Discarding of Machine #1: Original cost, $25,000; accumulated depreciation, $20,000 (6) Sale of Machine #2: Original cost, $50,000; accumulated depreciation, $35,000; sold for $18,000 cash. (c) Sale of Machine #3: Original cost, $75,000, accumulated depreciation, $65,000; sold for $4,000 cash

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