Diaz Company owns a machine that cost $125,400 and has accumulated depreciation of $94,100. 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, recelving nothing in return. 2. Diaz sold the machine for $15,800 cash. 3. Diaz sold the machine for $31,300 cash 4 , Diaz sold the machine for $40,200 cash Journal entry worksheet 4 Record the disposal of the machine receiving nothing in return. Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits. Record the sale of the machine for $15,800 cash. Note: Enter dobuts before credits. Record the sale of the machine for $31,300 cash. Note: Enter debits before credits. Record the sale of the machine for $40,200 cash. Note: Enter debits before credits