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Diaz Company owns a machine that cost $125,800 and has accumulated depreciation of $91,700. Prepare the entry to record the disposal of the machine on
Diaz Company owns a machine that cost $125,800 and has accumulated depreciation of $91,700. 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 $34,100 cash. 4. Diaz sold the machine for $41,100 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. Date January 01 General Journal Debit Credit Clear entry Record entry < Prev View general journal Next > es Journal entry worksheet < 1 3 4 Record the sale of the machine for $15,800 cash. Note: Enter debits before credits. Date January 01 General Journal Debit Credit Record entry Clear entry View general journal es Journal entry worksheet < 1 2 Record the sale of the machine for $34,100 cash. Note: Enter debits before credits. Date January 01 General Journal Debit Credit Record entry Clear entry D View general journal es View transaction list Journal entry worksheet < 1 2 3 Record the sale of the machine for $41,100 cash. Note: Enter debits before credits. Date January 01 General Journal Debit Credit
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