Diaz Company owns a machine that cost $$126,100$ and has accumulated depreciation of $$93,500.$ Prepare the entry to record the disposal of the machine on January $1$ in each separate situation.

The machine needed extensive repairs and was not worth repairing. Diaz disposed of the machine, receiving nothing in return.

Diaz sold the machine for $$17,400$ cash.

Diaz sold the machine for $$32,600$ cash.

Diaz sold the machine for $$40,200$ cash.

Journal entry worksheet

$1$

$2$

$3$

$4$

Record the disposal of the machine receiving nothing in return.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$January $01,$Machine,$126,100,],[,$Accumulated depreciation$-$Machine,,$93,500],[,,,],[,,,],[,,,],[,,,]]$