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6. 10.00 points value: 1. Prepare journal entries to record the machine's purchase and the costs to ready and install it. Cash is paid for all costs incurred. (Omit the "S" sign in your response.) General Journal Debit Credit Machinery purchase cost Jan. 2 Machinery Cash Preparation cost Jan. 3 Machinery Cash Operating platform cost Jan. 3 Machinery Cash 2. Prepare journal entries to record depreciation of the machine at December 31. (Omit the "S" sign in your response.) (a) Its first year in operations. Date General Journal Debit Credit Dec. 31 Depreciation expense-machinery Accumulated depreciation-machinery (b) The year of its disposal. Credit Date Dec. 31 General Journal Debit Depreciation expense-machinery Accumulated depreciation-machinery References 3. Prepare journal entries to record the machine's disposal under each of the following separate assumptions (Omit the "$" sign in your response) (a) It is sold for $24,000 cash. Date Dec 31 General Journal Debit Cash Loss on sale of machin Accumulated depreciation-machine Machi (b) It is sold for $96,000 cash. Date Dec. 31 Cash General Journal Debit Credit Accumulated depreciation-mac Gain on sale of machinery Machi (c) It is destroyed in a fire and the insurance company pays $34,500 cash to settle the loss claim. Date Dec. 31 Cash General Journal Debit Credit Accumulated depreciation-machinery Loss from fire Machiner 6. 10.00 points value: 1. Prepare journal entries to record the machine's purchase and the costs to ready and install it. Cash is paid for all costs incurred. (Omit the "S" sign in your response.) General Journal Debit Credit Machinery purchase cost Jan. 2 Machinery Cash Preparation cost Jan. 3 Machinery Cash Operating platform cost Jan. 3 Machinery Cash 2. Prepare journal entries to record depreciation of the machine at December 31. (Omit the "S" sign in your response.) (a) Its first year in operations. Date General Journal Debit Credit Dec. 31 Depreciation expense-machinery Accumulated depreciation-machinery (b) The year of its disposal. Credit Date Dec. 31 General Journal Debit Depreciation expense-machinery Accumulated depreciation-machinery References 3. Prepare journal entries to record the machine's disposal under each of the following separate assumptions (Omit the "$" sign in your response) (a) It is sold for $24,000 cash. Date Dec 31 General Journal Debit Cash Loss on sale of machin Accumulated depreciation-machine Machi (b) It is sold for $96,000 cash. Date Dec. 31 Cash General Journal Debit Credit Accumulated depreciation-mac Gain on sale of machinery Machi (c) It is destroyed in a fire and the insurance company pays $34,500 cash to settle the loss claim. Date Dec. 31 Cash General Journal Debit Credit Accumulated depreciation-machinery Loss from fire Machiner

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