Diaz Company owns a machine that cost $$125,400$ and has accumulated depreciation of $$90,300.$ 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 $$15,800$ cash.

Diaz sold the machine for $$35,100$ cash.

Diaz sold the machine for $$40,700$ cash.

Journal entry worksheet

Record the disposal of the machine receiving nothing in return.

Note: Enter debits before credits.