Diaz Company owns a machine that cost $125,800 and has accumulated depreciation of $93,900. 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 $15,800 cash. 3. Diaz sold the machine for $31,900 cash. 4. Diaz sold the machine for $40,300 cash. View transaction list Journal entry worksheet 1 2 Record the disposal of the machine receiving nothing in return. Date January 01 3 4 Note: Enter debits before credits. Record entry General Journal Clear entry Debit Credit View general journal

Diaz Company owns a machine that cost $125,800 and has accumulated depreciation of $93,900. 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 $15,800 cash. 3. Diaz sold the machine for $31,900 cash. 4. Diaz sold the machine for $40,300 cash. Journal entry worksheet 4 Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits. Journal entry worksheet Record the sale of the machine for $15,800 cash. Note: Enter debits before credits. Journal entry worksheet Record the sale of the machine for $31,900 cash. Note: Enter debits before credits. Journal entry worksheet Record the sale of the machine for $40,300 cash. Note: Enter debits before credits