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Diaz Company owns a miling machine that cost $125,300 and has accumulated depreciation of $93.900. Prepare the entry to record the disposal of the milling
Diaz Company owns a miling machine that cost $125,300 and has accumulated depreciation of $93.900. Prepare the entry to record the disposal of the milling machine on January 3 under each of the tollowing independent situations 1. The machine needed extensive repairs, and it was not worth re!ring Diaz disposed of the machine, receving nothing in return. 2 Diaz sold the machine for $17,200 cash 3. Diaz sold the machine Tor $31,400 cash 4. Diaz sold the machine for 540.400 cash Journal entry worksheet Record the disposall of the machine receiving nothing in return. Nots: Enter debits before credts General Jounal Jen 03 Cicar entry Vew general joumal Recond etry
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