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Tamarisk Company has an old factory machine that cost $56,000. The machine has accumulated depreciation c decided to sell the machine. (Credit account titles are

Tamarisk Company has an old factory machine that cost $56,000. The machine has accumulated depreciation c decided to sell the machine. (Credit account titles are automatically indented when amount is entered. Do not indent required, select "No Entry" for the account titles and enter O for the amounts.) (a) What entry would Tamarisk make to record the sale of the machine for $30,000 cash? (b) What entry would Tamarisk make to record the sale of the machine for $15,000 cash? (a) Account Titles and Explanation (b) Cash Accumulated Depreciation-Machine Equipment Gain on Disposal of Plant Assets Cash Accumulated Depreciation-Machine Loss on Disposal of Plant Assets Equipment Debit 30,000 27,200 15,000 27,200 Credit 56 58,0

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