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The machines were disposed of in the following ways: a. Machine A: Sold on January 1 for $10,800 cash. b. Machine B: On January 1,
The machines were disposed of in the following ways: a. Machine A: Sold on January 1 for $10,800 cash. b. Machine B: On January 1, this machine was scrapped with zero proceeds (and zero cost of removal). Required: 1. \& 2. Prepare the journal entries related to the disposal of Machine A and B at the beginning of the current year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Answer is comblete but not entirelv correct
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