Diaz Company owns a machine that cost $125,400 and has accumulated depreciation of $90,600. 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. Dlaz sold the machine for $16,600 cash. 3. Diaz sold the machine for $34,800 cash 4. Dlaz sold the machine for $40,500 cash. View transaction list Journal entry worksheet 2 3 4 Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits General Journal Debit Credit Date January 01