Diaz Company owns a machine that cost $126,800 and has accumulated depreciation of $91,800. 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 $17,500 cash. 3. Diaz sold the machine for $35,000 cash. 4. Diaz sold the machine for $41,500 cash View transaction list Journal entry worksheet Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits Debit Credit 91,8001 Date Ian 01 General Journal Accumulated depreciation Machine