Diaz Company owns a machine that cost 9120, ouv and has accumulated depreciation of pu,bUv.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 $15,600 cash.

3. Diaz sold the machine for $36,200 cash.

4. Diaz sold the machine for $40,700 cash.

2 Diaz Company owns a machine that cost $126,800 and has accumulated depreciation of $90,600. 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 retum 2. Diaz sold the machine for $15,600 cash 3. Diaz sold the machine for $36.200 cash 4. Diaz sold the machine for $40,700 cash 10 points book View transaction et Journal entry worksheet Record the disposal of the machine receiving nothing in retum. Entert before credit General Journal Dubit Credit Jan 01