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Novak Company has an old factory machine that cost $51,000. The machine has accumulated depreciation...

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Accounting

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Novak Company has an old factory machine that cost $51,000. The machine has accumulated depreciation of $20,560. Novak has decided to sell the machine. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required select "No Entry for the account titles and enter for the amounts.) Whatentry would Novak male to record the sale of the machine for $25,540 cash? ? ( b) What entry would Novak malce to record the sale of the machine for $15,560 cash? Debit Credit No. Account Titles and Explanation (a) (6)

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