(Solved): hw q8  Ly Company disposed of two different assets. On January 1, prior to their disposal, the ...

Ly Company disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following: The machines were disposed of in the following ways: a. Machine A: Sold on January 1 for \( \$ 13,500 \) cash. b. Machine B: On January 1, this machine was scrapped with zero proceeds (and zero cost of removal). Required: 1. \& 2. Prepare the journal entries related to the disposal of Machine \( A \) and \( B \) at the beginning of the current year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Journal entry worksheet Record the current year debreciation for Machine A prior to disposal. Note: Enter debits before credits. Journal entry worksheet Machine A: Sold on January 1 for \( \$ 13,500 \) cash. Record the transaction. Note: Enter debits before credits. Journal entry worksheet 1 Record the current year depreciation for Machine B prior to disposal. Note: Enter debits before credits. Journal entry worksheet \[ 1 \] Machine B: On January 1 , this machine was scrapped with zero proceeds (and zero cost of removal). Record the transaction. Note: Enter debits before credits.