Diaz Company owns a machine that cost $126,000 and has accumulated depreciation of $93,000. 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 $16,500 cash. 3. Diaz sold the machine for $33,000 cash. 4. Diaz sold the machine for $40,800 cash. 1 No Date January 01 Cash Accumulated depreciation-Machine Answer is not complete. General Journal Debit Credit 16,500 93,000 16,500 126,000 Loss on disposal of machine Machine 2 January 01 Cash 33,000 Accumulated depreciation-Machine 93,000 Machine. 126,000