Diaz Company owns a machine that cost $126,600 and has accumulated depreciation of $92,300. 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 $17,400 cash.
3. Diaz sold the machine for $34,300 cash.
4. Diaz sold the machine for $40,900 cash.

Diaz Company owns a machine that cost $126,600 and has accumulated depreciation of $92,300. 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 $17,400 cash. 3. Diaz sold the machine for $34,300 cash. 4. Diaz sold the machine for $40,900 cash. View transaction list Journal entry worksheet Record the sale of the machine for $17,400 cash. Note: Enter debits before credits. General Journal Debit Credit Date Jan 01 Journal entry worksheet