Answer:
Journal Entry
Explanation:
1 Accumulated Depreciation Dr, $92,200
Loss on Disposal Dr, $34,400
To Machine Equipment $126,600
(Being disposal is recorded)
2. Cash Dr, $17,000
Accumulated Depreciation Dr, $92,200
Loss on sale/disposal Dr, $17,400
To Machine Equipment $126,600
(Being sale is recorded)
3. Cash Dr, $34,400
Accumulated Depreciation Dr, $92,200
Machine Equipment $126,600
(Being sale is recorded)
4. Cash Dr, $40,300
Accumulated Depreciation Dr, $92,200
To Gain on sale/disposal $5,900
To Machine Equipment $126,600
(Being sale is recorded)
