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Diaz Company owns a machine that cost $126,400 and has accumulated depreciation of $91,200. Prepare the entry to record the disposal of the machine on

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Diaz Company owns a machine that cost $126,400 and has accumulated depreciation of $91,200. 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 $15,900 cash. 3. Diaz sold the machine for $35,200 cash. 4. Diaz sold the machine for $41,000 cash. No Date Jan 01 Answer is not complete. General Journal Loss on disposal of machine Accumulated depreciation Machine Machine Credit Debit 35,200 91,200 126,400 Jan 01 Cash Cash Loss on sale of machine Accumulated depreciation-Machine Machine 16,000 17,200 91,200 126,400 Diaz Company owns a machine that cost $126,400 and has accumulated depreciation of $91,200. 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 $15.900 cash 3. Diaz sold the machine for $35,200 cash 4. Diaz sold the machine for $41,000 cash View transaction list Journal entry worksheet Record the sale of the machine for $15,900 cash. Note: Enter debits before credits Credit Date General Journal Jan 01 Cash Loss on sale of machine Accumulated depreciation-Machine Machine Debit 17.900 16,300 92,200 126.400 Record entry Clear entry View general journal

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