Diaz Company owns a machine that cost $126,200 and has accumulated depreciation of $93,600. 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 $17,500 cash. 3. Diaz sold the machine for $32,600 cash. 4. Diaz sold the machine for $41,800 cash. Journal entry worksheet 234 Record the disposal of the mochine recelving nothing in return