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Diaz Company owns a machine that cost $126,700 and has accumulated depreciation of $94,400. Prepare the entry to record the disposal of the machine on
Diaz Company owns a machine that cost $126,700 and has accumulated depreciation of $94,400. Prepare the entry to record the disposal of the machine on January 1 in each separate situation. The machine needed extensive repairs and was not worth repairing. Diaz disposed of the machine, receiving nothing in return. Diaz sold the machine for $17,000 cash. Diaz sold the machine for $32,300 cash. Diaz sold the machine for $41,000 cash.
please create general journals for these entries :)
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