Diaz Company owns a machine that cost $125,600 and has accumulated depreciation of $90,300. 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 $17,200 cash. 3. Diaz sold the machine for $35,300 cash. 4. Diaz sold the machine for $40,600 cash. View transaction list Journal entry worksheet 1 2 Record the sale of the machine for $17,200 cash. Note: Enter debits before credits Date January 01 General Journal Debit Credit Record entry Clear entry View general journal < Prev 27 of 29 Next >