Diaz Company owns a machine that cost $125,800 and has accumulated depreciation of $90,800. 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 $35,000 cash 4. Diaz sold the machine for $40,500 cash. View transaction list Journal entry worksheet 2 3 4 Record the sale of the machine for $15,800 cash Note: Enter debits before credits Credit Date Jan 01 Debit 15,800 General Journal Cash Loss on disposal of machine Accumulated depreciation Machine Machine Record entry Clear entry View general journal >