Diaz Company owns a machine that cost $125,200 and has accumulated depreciation of $92,000. Prepare the entry to record the disposal of the machine on January 1 in each separate situation. 1. The machine needed extensive repairs and was not worth repairing Diaz disposed of the machine, receiving nothing in return 2. Dioz sold the machine for $17.400 cash 3. Dlaz sold the machine for $33,200 cash. 4. Dlaz sold the machine for $40,200 cash 1 2 3 4 Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01 Record entry Clear entry View general Journal Journal entry worksheet