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Diaz Company owns a milling machine that cost $126,100 and has accumulated depreciation of $90,100. Prepare the entry to record the disposal of the milling
Diaz Company owns a milling machine that cost $126,100 and has accumulated depreciation of $90,100. 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 $17100 cash. 3. Diaz sold the machine for $36,000 cash. 4. Diaz sold the machine for $41,100 cash. View transaction list Journal entry worksheet 4 Record the disposal of the machine receiving nothing in return Note: Enter debits before credits Date General Journal Debit Credit Jan 03 Record entry Clear entry View general journal
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