YouTube Make Your Own Cou Accounting HEU List of Account L Sappers SUP Homework Saved Help Sa During the current year, Martinez Company disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following: Original Residual Accumulated Depreciation Asset Cost Value Estimated Life (straight-line) Machine A $84,700 $9,600 15 years $65,087 (13 years) Machine B 28,500 3,700 8 years 18,600 (6 years) The machines we disposed of in the following ways: a. Machine A Sold on January 2 for $28,500 cash. b. Machine B: On January 2, 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 on the January 2 of the current year. TIP: When no cas received on disposal, the loss on disposal will equal the book value of the asset at the time of disposal (If no entry is requin for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list search O Homework Saved a. Machine A: Sold on January 2 for $28,500 cash. b. Machine B: On January 2, 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 on the January 2 of the current year. TIP received on disposal, the loss on disposal will equal the book value of the asset at the time of disposal. (If no ant for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet O a. Machine A: Sold on January 2 for $28,500 cash. b. Machine B: On January 2, this machine was sold to a salvage company at zero proceeds (and zero cost of rem Required: 1. & 2. Prepare the journal entries related to the disposal of Machine A and B on the January 2 of the current year received on disposal, the loss on disposal will equal the book value of the asset at the time of disposal.( for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet arch