Diaz Company owns a machine that cost $126,100 and has accumulated depreciation of $90,800. Prepare the entry to record the disposal of the machine on January 1 in each seperate situation. 1. The machine needed extensive repairs and was not worth repairing, Dlaz disposed of the machine, recelving nothing in return. 2. Diaz sold the machine for $16,000 cash. 3. Dlaz sold the machine for $35,300 cash. 4. Diaz sold the machine for $40,400 cash. View transaction list Journal entry worksheet 1 2 3 4 Record the disposal of the machine receiving nothing in return Noter Enter debits before credits General Journal Debit Credit Dato Jan 01 2. Diaz sold the machine for $16,000 cash. 3. Diaz sold the machine for $35,300 cash. 4. Diaz sold the machine for $40,400 cash. View transaction list Journal entry worksheet Record the sale of the machine for $16,000 cash. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01 Record entry Clear entry View general Journal 1. The machine needed extensive repairs and was not worth repairing. Diaz disposed of the machine, receiving nothing in return. 2. Dlaz sold the machine for $16,000 cash. 3. Diaz sold the machine for $35,300 cash. 4. Diaz sold the machine for $40,400 cash. View transaction list Journal entry worksheet 1 2 3 4 Record the sale of the machine for $35,300 cash. Note: Enter debits before credits Date General Journal Debit Credit Jan 01 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 $16,000 cash. 3. Diaz sold the machine for $35,300 cash. 4. Diaz sold the machine for $40,400 cash. View transaction list Journal entry worksheet 2 3 4 Record the sale of the machine for $40,400 cash. Note: Enter debits before credits Goneral Journal Debit Credit Date Jan 01