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Required information [The following information applies to the questions displayed below.] During the current year ended December 31, Rank Company disposed of three different assets.

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Required information [The following information applies to the questions displayed below.] During the current year ended December 31, Rank Company disposed of three different assets. On January 1 of the current year, prior to their disposal, the asset accounts reflected the following: The machines were disposed of during the current year in the following ways: a. Machine A: Sold on January 1 for $6,750 cash. b. Machine B: Sold on December 31 for $8,000; recelved cash, $2,000, and a $6,000 interest-bearing (10 percent) note recelvable due at the end of 12 months. c. Machine C: On January 1, this machine suffered irreparable damage from an accident and was scrapped. Required: 1. Give all journal entries related to the disposal of each machine in the current year. a. Mochine A. b. Machine B. c. Mactine C. 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. Answer is complete but not entirely correct. Complete the following questions by preparing worksheet and journal entries given below. Give all journal entries related to the disposal of Machine A in the current year. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. 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. ( Answer is complete but not entirely correct. Complete the following questions by preparing worksheet and journal entries given below. Give all journal entries related to the disposal of Mochine B in the current year: Note: if no entry is required for a transaction/event, select "No journal entry required" in the first account field. 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. Answer is complete but not entirely correct. Complete the following questions by preparing worksheet and journal entries given below. Give all journal entries related to the disposal of Machine C in the current year: Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field

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