Required information (The following information applies to the questions displayed below.) On January 2, 2017, Bering Co. disposes of a machine costing $32,900 with accumulated depreciation of $17,723. Prepare the entries to record the disposal under each of the following separate assumptions. 1. The machine is sold for $12,729 cash. View transaction list Journal entry worksheet Record the sale of the machine for $12,729 cash. Note: Enter debits before credits. General Journal Debit Credit Date Jan 02 Record entry Clear entry View general journal