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6 Diaz Company owns a machine that cost $126,400 and has accumulated depreciation of $92,100. Prepare the entry to record the disposal of the machine
6 Diaz Company owns a machine that cost $126,400 and has accumulated depreciation of $92,100. 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 $17,400 cash. 3. Diaz sold the machine for $34,300 cash. 4. Diaz sold the machine for $40,500 cash. 10 points View transaction list Print Journal entry worksheet 1 2 3 4 > Record the disposal of the machine receiving nothing in return. h Note: Enter debits before credits. Date General Journal Debit Credit Jan 01 Record entry Clear entry View general journal Diaz Company owns a machine that cost $126,400 and has accumulated depreciation of $92,100 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 maci 2. Diaz sold the machine for $17,400 cash. 3. Diaz sold the machine for $34,300 cash. 4. Diaz sold the machine for $40,500 cash. View transaction list Journal entry worksheet
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