Diaz Company owns a machine that cost $126,500 and has accumulated depreciation of $90,100. 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 $17,100 cash. 3. Diaz sold the machine for $36,400 cash. 4. Diaz sold the machine for $40,300 cash. View transaction list i No 1 2 3 4 View journal entry worksheet Date January 01 January 01 January 01 January 01 Machine Accumulated depreciation-Machine Cash General Journal Accumulated depreciation-Machine Loss on sale of machine Machine Cash Accumulated depreciation-Machine Machine Cash Accumulated depreciation-Machine Machine Gain on sale of maching

Diaz Company owns a machine that cost $126,500 and has accumulated depreciation of $90,100. Prepare the entry to record the disposat of the machine on January in each separate situation. 1. The machine needed extensive repalis and was not worth repairing. Diaz disposed of the machine, recelving nothing in return. 2. Dlaz sold the machine for $17,100 cash. 3. Diaz sold the machine for $36,400 cash. 4. Dlaz sold the machine for $40,300 cash. Diaz Company owns a machine that cost $126,500 and has accumulated depreciation of $90,100. Prepare the entry to record the disposal of the machine on January 1 in each separate situation. 1. The machine needed extensive repalis and was not worth repairing. Dlaz disposed of the machine, receiving nothing in return: 2. Diaz sold the machine for $17,100 cash. 3. Diaz sold the machine for $36,400 cash. 4. Diaz sold the machine for $40,300 cash