Diaz Company owns a machine that cost $126,000 and has accumulated depreciation of $91,200 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 $15,500 cash 3. Diaz sold the machine for $34,800 cash 4. Diaz sold the machine for $40,100 cash Journal entry worksheet Record the disposal of the machine receiving nothing in return. Notes Enter bebits before credits