$[$The following information applies to the questions displayed below.$]$

Onslow Company purchased a used machine for $$192,000$ cash on January $2.$ On January $3,$ Onslow paid $$8,000$ to wire electricity to the machine. Onslow paid an additional $$1,600$ on January $4$ to secure the machine for operation. The machine will be used for six years and have a $$23,040$ salvage value. Straight$-$line depreciation is used. On December $31,$ at the end of its fifth year in operations, it is disposed of$.$

Problem $8-6$A $($Algo$)$ Part $1$

Required:

Prepare journal entries to record the machine's purchase and the costs to ready it for use. Cash is paid for all costs incurred.

Journal entry worksheet

$1$

$23$

Record the purchase of a used machine for $$192,000$ cash.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$January $02,,,],[,,,]]$