Diaz Company owns a machine that cost $125,500 and has accumulated depreciation of $90,700. Prepare the entry to record the disposal of the machine on January 1 in each seperate 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 $15,800 cash. 3. Diaz sold the machine for $34,800 cash. 4. Diaz sold the machine for $41,200 cash. View transaction list Journal entry worksheet 1 2 3 4 Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits. General Journal Debit Credit Date Jan 01 Record entry Clear entry View general journal