Check my work 3 Exercise 10-17 Partial-year depreciation; disposal of plant asset LO P2 Rayya Co. purchases and installs a machine on January 1, 2017, at a total cost of $100,800. Straight-line depreciation is taken each year for four years assuming a seven-year life and no salvage value. The machine is disposed of on July 1, 2021 during its fifth year of service. Prepare entries to record the partial year's depreciation on July 1, 2021, and to record the disposal under the following separate assumptions: (1) The machine is sold for $43,200 cash. (2) An Insurance settlement of $34,560 is received due to the machine's total destruction in a fire tences View transactions Journal entry worksheet 2 3 > Record the sale of the machinery for $43,200 cash Noteber de ore Crest General Journal July 01, 2021 Cash Accumulated depreciation Machura Debit 43.2001 Me GE CH View transaction list Journal entry worksheet 2 3 Record the sale of the machinery for $43,200 cash. ok + Note: Enter debts before credits. ces Debit Credit Date General Journal July 01, 2021 Cash Accumulated depreciation-Machinery 43.200 Record entry Clear entry View gener journal JU Taw MacBook Air 9 View transaction list Journal entry worksheet nts