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On December 31,2025, Windsor Inc. has a machine with a book value of $1,090,400. The...

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Accounting

On December 31,2025, Windsor Inc. has a machine with a book value of $1,090,400. The original cost and related accumulated
depreciation at this date are as follows.
Depreciation is computed at $69,600 per year on a straight-line basis.
Presented below is a set of independent situations. For each independent situation, indicate the journal entry to be made to record the
transaction. Make sure that depreciation entries are made to update the book value of the machine prior to its disposal.On April 1,2026, Windsor sold the machine for $1,206,400 to Yoakam Company. (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 0 for the amounts.
List all debit entries before credit entries.)
Date
Account Titles and Explanation
Debit
Credit
Apr. 1,2026
(To record current depreciation.)
Apr. 1,2026
(To record sale of the machine.)
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