Business, 13.08.2020 18:01, kodarae2501

3. Prepare journal entries to record the machine’s disposal under each separate situation: (a) it is sold for $22,000 cash; (b) it is sold for $88,000 cash; and (c) it is destroyed in a fire and the insurance company pays $32,500 cash to settle the loss claim.

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3. Prepare journal entries to record the machine’s disposal under each separate situation: (a) it is...