Diaz Company owns a machine that cost $125,700 and has accumulated depreciation of $92,600. 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. Diaz sold the machine for $16,600 cash. 3. Diaz sold the machine for $33,100 cash. 4. Diaz sold the machine for $41,400 cash. View transaction list Journal entry worksheet Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits. Debit Credit Date January 01 General Journal Accumulated depreciationMachine Loss on disposal of machine Record entry Clear entry View general journal