Answered step by step
Verified Expert Solution
Question
1 Approved Answer
11 2.91 points Skipped Diaz Company owns a machine that cost $125,200 and has accumulated depreciation of $92,900. Prepare the entry to record the disposal
11 2.91 points Skipped Diaz Company owns a machine that cost $125,200 and has accumulated depreciation of $92,900. Prepare the entry to record the disposal of the machine on January 1 in each separate situation. 1. The machine needed extensive repairs and was not worth repairing. Diaz disposed of the machine, receiving nothing in return. 2. Diaz sold the machine for $17,200 cash. 3. Diaz sold the machine for $32,300 cash. 4. Diaz sold the machine for $40,800 cash. eBook View transaction list + Hint Print Journal entry worksheet 1 2 3 4 Record the disposal of the machine receiving nothing in return. References Note: Enter debits before credits. Date January 01 General Journal Debit Credit Mc Record entry Clear entry View general journal > 11 2.91 points Skipped Diaz Company owns a machine that cost $125,200 and has accumulated depreciation of $92,900. Prepare the entry to record the disposal of the machine on January 1 in each separate situation. 1. The machine needed extensive repairs and was not worth repairing. Diaz disposed of the machine, receiving nothing in return. 2. Diaz sold the machine for $17,200 cash. 3. Diaz sold the machine for $32,300 cash. 4. Diaz sold the machine for $40,800 cash. eBook View transaction list Hint Print Journal entry worksheet > 1 2 3 4 Record the sale of the machine for $17,200 cash. References Note: Enter debits before credits. Date January 01 General Journal Debit Credit Record entry Clear entry View general journal Check my 11 Diaz Company owns a machine that cost $125,200 and has accumulated depreciation of $92,900. Prepare the entry to record the disposal of the machine on January 1 in each separate situation. 2.91 points Skipped 1. The machine needed extensive repairs and was not worth repairing. Diaz disposed of the machine, receiving nothing in return. 2. Diaz sold the machine for $17,200 cash. 3. Diaz sold the machine for $32,300 cash. 4. Diaz sold the machine for $40,800 cash. eBook View transaction list Hint Print References Journal entry worksheet > 1 2 3 4 Record the sale of the machine for $32,300 cash. Note: Enter debits before credits. Date January 01 General Journal Debit Credit Record entry Clear entry View general journal Check 11 Diaz Company owns a machine that cost $125,200 and has accumulated depreciation of $92,900. Prepare the entry to record the disposal of the machine on January 1 in each separate situation. 91 ints 1. The machine needed extensive repairs and was not worth repairing. Diaz disposed of the machine, receiving nothing in return. 2. Diaz sold the machine for $17,200 cash. Skipped 3. Diaz sold the machine for $32,300 cash. 4. Diaz sold the machine for $40,800 cash. eBook View transaction list Hint Print Journal entry worksheet 1 2 3 4 Record the sale of the machine for $40,800 cash. References Note: Enter debits before credits. Date General Journal Debit Credit January 01 Record entry Clear entry View general journal Check m
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started