Diaz Company owns a machine that cost $126,700 and has accumulated depreciation of $92,700. 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 $16.000 cash. 3. Diaz sold the machine for $34,000cash. 4. Diaz sold the machine for $40.400cash. Journal entry worksheet 4. Diaz Company owns a machine that cost $126,700 and has accumulated depreciation of $92,700. 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 $16,000cash. 3. Diaz sold the machine for $34,000 cash. 4. Dlaz sold the machine for $40,400 cash. Journal entry worksheet Record the saie of the machine for $34,000 cash. Note: Enter debits belore credits. Dioz Company owns a machine that cost $126,700 and has accumulated depreciation of $92,700. Prepare the entry to record the disposal of the machine on January 1 in each separate stuation. 1. The machine needed extensive repairs and wos not worth repairing. Olaz disposed of the machine, receiving nothing in return. 2. Dioz sold the machine for $16,000 cash. 3. Diaz sold the machine for $34,000 cash. 4. Diaz sold the machine for $40,400 cash. Journal entry worksheet Record the sale of the machine for $40,400 cash. None: Inter debets before credis. Diaz Company owns a machine that cost $126,700 and has accumulated depreciation of $92,700. 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 $16,000cash. 3. Diaz sold the mochine for $34,000cash. 4. Diaz sold the machine for $40,400 cash. Journal entry worksheet Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits