Check my work Diaz Company owns a machine that cost $126,500 and has accumulated depreciation of $90,300. Prepare the entry to record the disposal of the machine on January 1 in each seperate 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 $36,200 cash. 4. Diaz sold the machine for $40,100 cash. View transaction list Journal entry worksheet 1 2 3 4 Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits Debit Credit Date Jan 01 General Journal Accumulated depreciation Machine Loss on disposal of machine Machine Record entry Clear entry View general journal Pros 5 of 6 Next >