ayya Company purchases a machine for $142,800 on January 1,2021 . Straight-line depreciation is taken each year for four years ssuming a seven-year life and no salvage value. The machine is sold on July 1,2025, during its fifth year of service. repare entries to record the partial year's depreciation on July 1, 2025, and to record the sale under each separate situation. (1) The nachine is sold for $61,200 cash. (2) The machine is sold for $48,960 cash. Journal entry worksheet Record the sale of the machinery for $61,200 cash. Note: Enter debits before credits. Journal entry worksheet Record the depreciation expense as of July 1, 2025. Note: Enter debits before credits. Journal entry worksheet Record the machine sold for $48,960 cash. Note: Enter debits before credits. ayya Company purchases a machine for $142,800 on January 1,2021 . Straight-line depreciation is taken each year for four years ssuming a seven-year life and no salvage value. The machine is sold on July 1,2025, during its fifth year of service. repare entries to record the partial year's depreciation on July 1, 2025, and to record the sale under each separate situation. (1) The nachine is sold for $61,200 cash. (2) The machine is sold for $48,960 cash. Journal entry worksheet Record the sale of the machinery for $61,200 cash. Note: Enter debits before credits. Journal entry worksheet Record the depreciation expense as of July 1, 2025. Note: Enter debits before credits. Journal entry worksheet Record the machine sold for $48,960 cash. Note: Enter debits before credits