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Please give all journal entries related to the disposal of each machine in the current year for Machine A, B and C.

Required information The following information applies to the questions displayed below) During the current year, Merkley Company disposed of three different assets. On January 1 of the current year, prior to the disposal of the assets, the accounts reflected the following: Original Cost $ 21,000 50,000 85,000 Asset Machine A Machine B Machine C Residual Value $ 3,000 4,000 5,000 Estimated Life 8 years 10 years 15 years $ Accumulated Depreciation (straight line) 15,750 (7 years) 36,800 (8 years) 64,000 (12 years) The machines were disposed of during the current year in the following ways: a. Machine A: Sold on January 1 for $5,000 cash b. Machine B: Sold on December 31 for $10.500; received cash, $2.500, and an $8,000 interest-bearing (12 percent) note receivable due at the end of 12 months. c Machine C: On January 1, this machine suffered irreparable damage from an accident. On January 10. a salvage company removed the machine at no cost. Required A Required B Required Give all journal entries related to the disposal of Machine A in the current year. (If no entry is required for a journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the depreciation of Machine A. Note: Enter debits before credits. Transaction General Journal Debit Credit January 01 Required A Required B Required C Glve all journal entries related to the disposal of Machine A in the current year. (If no entry is required journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the depreciation of Machine B. Note: Enter debits before credits Debit Credit General Journal Transaction December 31 Required A Required B Required C Give all journal entries related to the disposal of Machine B in the current year. (If no entry is required for journal entry required" in the first account field.) View transaction list Journal entry worksheet A 00 B > Record the disposal of Machine B. Note: Enter debits before credits. Transaction General Journal Debit Credit December 31 Required A Required B Required Give all journal entries related to the disposal of Machine C in the current year. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record the disposal of Machine C. Note: Enter debits before credits. General Journal Debit Credit Transaction January 01 CD

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