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Ly Company disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following: Asset Machine A Machines Origin CON

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Ly Company disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following: Asset Machine A Machines Origin CON $300 59,20 Residust Value $300 3,200 Accumulated Depreciation straight- Estimated Life line) years 321,600 4 years) 14 years 44. (11 years) The machines were disposed of in the following ways: a Machine A Sold on January 1 for $9.000 cash. b. Machine B: On January 1. this machine was sold to a salvage company at 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 not complete. NG Date General Journal Debit Credit 1 January 01 No Journal Entry Required January 01 Accounts Payable

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