Diaz Company owns a machine that cost $126,200 and has accumulated depreciation of $93,000. 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. Diaz disposed of the machine, receiving nothing in return. 2. Diaz sold the machine for $15,800 cash. 3. Diaz sold the machine for $33,200 cash. 4. Diaz sold the machine for $41,400 cash. View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 Jan 01 Loss on disposal of machine Machine 33,200 33,200 2 Jan 01 Cash Loss on disposal of machine Machine 3 Jan 01 Cash Machine 4 Jan 01 Cash Machine Gain on sale of machine 15,800 17,400 33,200 33,200 33,200 41,400 33,200 8,200