Diaz Company owns a milling machine that cost $125,100 and has accumulated depreciation of $93,400. Prepare the entry to record the disposal of the milling machine on January 3 under each of the following independent situations.

1. The machine needed extensive repairs, and it was not worth repairing. Diaz disposed of the machine, receiving nothing in return.
2. Diaz sold the machine for $17,000 cash.
3. Diaz sold the machine for $31,700 cash.
4. Diaz sold the machine for $40,500 cash.

Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits. Date General Journal Debit Credit Jan 03 Journal entry worksheet Record the sale of the machine for $17,000 cash. Note: Enter debits before credits. General Journal Debit Credit Date Jan 03 Record the sale of the machine for $31,700 cash. Note: Enter debits before credits. Date General Journal Debit Credit Jan 03 Record the sale of the machine for $40,500 cash. Note: Enter debits before credits. General Journal Debit Credit Date Jan 03