During the current year, Fortini Company disposed of three different assets. The company's accounts reflected the following on
January of the current years, prior to the disposal of the assets:
The machines were disposed of in the following ways:
a Machine : Sold on January of the current year for $ cash.
b Machine B: Sold on April for $; received cash, $ and a note receivable for $ due on March of the
following year, plus percent interest.
c Machine C: Suffered irreparable damage from an accident on July On July a salvage company removed the machine at
no cost The machine was insured, and $ cash was collected from the insurance company.
Required: Prepare all journal entries related to the disposal of each machine in the current year. If no entry is required for a transactionevent select No journal entry required" in the first account field. Round the final answer to nearest whole dollar.
