Diaz Company owns a machine that cost $125,400 and has accumulated depreciation of $90,900. 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. Diaz sold the machine for $16,100 cash. 3. Diaz sold the machine for $34,500 cash. 4. Diaz sold the machine for $41,800 cash. View transaction list Journal entry worksheet Record the sale of the machine for $16,100 cash. Note: Enter debits before credits. Date General Journal Debit Credit January 01 Record entry Clear entry View general journal