Required information [The following information applies to the questions displayed below.) On January 2, 2018, Bering Co. disposes of a machine costing $32,000 with accumulated depreciation of $17,238. Prepare the entries to record the disposal under each of the following separate assumptions. 1. The machine is sold for $12,381 cash. View transaction list Journal entry worksheet 1 Record the sale of the machine for $12,381 cash. Note: Enter debits before credits General Journal Debit Credit Date Jan 02 Prev 1 2 3 of 6 Next > Help (The following information applies to the questions displayed below.) On January 2, 2018, Bering Co. disposes of a machine costing $32,000 with accumulated depreciation of $17.238. Prepare the entries to record the disposal under each of the following separate assumptions. 13 2. The machine is traded in for a newer machine having a $48,500 cash price. A $15,238 trade-in allowance is received, and the balance is paid in cash. Assume the asset exchange has commercial substance. 8:42 View transaction list * Journal entry worksheet Record the exchange assuming that the exchange has commercial substance. Note: Enter debits before credits General Journal Debit Credit Date Jan 02 Dnes Next > EX-04-PB 6 Saved Help Save & Ch 3 LIHE FUTUHY IHNOUVIOMIES IU we YeUVIS Uramayu wew.) On January 2, 2018, Bering Co. disposes of a machine costing $32,000 with accumulated depreciation of $17,238. Prepare the entries to record the disposal under each of the following separate assumptions. Part 3 of 3 3. The machine is traded in for a newer machine having a $48,500 cash price. A $11,429 trade-in allowance is received, and the balance is paid in cash. Assume the asset exchange has commercial substance. 8 015822 View transaction list eBook Journal entry worksheet Record the exchange assuming that the exchange has commercial substance. Note: Enter debits before credits General Journal Debit Credit Date Jan 02 ME Graw Hill