Diaz Company owns a machine that cost $126,100 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 $16,700 cash. 3. Diaz sold the machine for $34,400 cash. 4. Diaz sold the machine for $41,000 cash. View transaction list Journal entry worksheet < 1 2 3 Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits. Date General Journal Debit Jan 01 Loss on disposal of machine Record entry Clear entry Credit View general journal V Journal entry worksheet 1 2 3 Record the sale of the machine for $16,700 cash. Note: Enter debits before credits. Date General Journal Jan 01 Clear entry Record entry Debit > Credit View general journal Journal entry worksheet < 1 2 3 4 Record the sale of the machine for $34,400 cash. Note: Enter debits before credits. Date General Journal Jan 01 Clear entry Record entry Debit Credit View general journal Journal entry worksheet < 1 2 3 Record the sale of the machine for $41,000 cash. Note: Enter debits before credits. Date General Journal Jan 01 Clear entry Record entry Debit Credit View general journal >