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On January 2. Dixie, Inc., pays a salvage company $1,000 to haul away a machine...

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Accounting

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On January 2. Dixie, Inc., pays a salvage company $1,000 to haul away a machine costing $28,000 with accumulated depreciation of $28,000. Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. Answer is not complete. No Debit Credit Date Jan. 2 General Journal Gain on disposal of machinery Accumulated depreciation 1,000 28,000

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