Diaz Company owns a machine that cost $126700 and has accumulated depreciation of $92,100. 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, recelving nothing in return. 2 Dlaz sold the machine for $16,100 cash. 3. Dlaz sold the machine for $34.600 cash. 4. Dlaz sold the machine for $41,400 cash. View transaction at Journal entry worksheet 2 1 Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits General Journal Debit Credit Date Jan 01 Record entry Clear entry View general Journal