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accounting help plz Diaz Company owns a machine that cost $126,200 and has accumulated depreciation of $94,800. Prepare the entry to record the disposal of
accounting help plz
Diaz Company owns a machine that cost $126,200 and has accumulated depreciation of $94,800. 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. Dlaz disposed of the machine, recelving nothing in return. 2. Diaz sold the machine for $15,700 cash. 3. Diaz sold the machine for $31,400 cash. 4. Diaz sold the machine for $41,800 cash. Journal entry worksheet 4 Record the disposal of the machine receiving nothing in return. Note: Enter deblts before credits Step by Step Solution
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