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Kendall Company has a machine that originally cost $40,000. Since the time of the machine's purchase, accumulated depreciation of $26.000 has been recorded with respect to the machine. The machine was sold for $10,000 cash. Which ONE of the following is included in the journal entry necessary to record the sale of the machine for $10,000 cash O DEBIT to Machine for $40,000 O CREDIT to Cash for $10.000 O CREDIT to Accumulated Depreciation for $26.000 CREDIT to Loss on Sale of Machine for $4,000 O DEBIT to Accumulated Depreciation for $26.000 Question 9 1 pts Below are the forecasted receipts and cash payments from Concord Company for the first four months of the year: January February March April Budgeted Cash Collections $112.000 $832.000 $586,000 $735.000 Budgeted Cash Payments: Operating Expenses $455.000 $526.000 $927.000 $837,000 Dividends $236.000 Equipment Purchases $546,000 Total Budgeted Cash Payments $455.000 $762.000 $1.473.000 $837.000 On January 1, Concord Company had a cash balance of $238,000. Concord Company implemented a new policy this year mandating a cash balance of at least $226,000 at the end of each month and using any surplus to paydown loans. How much money must Concord Company plan to borrow in February? O $226.000 O $226.000 O $887.000 O $0 O $331.000

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