Diaz Company owns a machine that cost $126,700 and has accumulated depreciation of $92,400. 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. Dlaz sold the machine for $16,600 cash. 3. Diaz sold the machine for $34,300 cash. 4. Diaz sold the machine for $41,400 cash View transaction that Journal entry worksheet 1 2 3 Record the disposal of the machine receiving nothing in return Note: Enter debits before credits General Journal Date Jan 01 Debit Credit