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Diaz Company owns a milling machine that cost $126,200 and has accumulated depreciation of $91,400. Prepare the entry to record the disposal of the milling
Diaz Company owns a milling machine that cost $126,200 and has accumulated depreciation of $91,400. Prepare the entry to record the disposal of the milling machine on January 3 In 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. Dlaz sold the machine for $17.200 cash. 3. Dlaz sold the machine for $34.800 cash. 4. Dlaz sold the machine for $40,200 cash. View transaction list Journal entry worksheet Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits Debit Credit Date Jan 03 General Journal Loss on sale of milling machine Accumulated depreciation-Milling machine Milling machine Record entry Clear entry View general Journal Diaz Company owns a milling machine that cost $126,200 and has accumulated depreciation of $91,400. Prepare the entry to record the disposal of the milling machine on January 3 In 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. Dlaz sold the machine for $17,200 cash. 3. Dlaz sold the machine for $34.800 cash 4. Dlaz sold the machine for $40,200 cash. View transaction lat Journal entry worksheet Record the sale of the machine for $17,200 cash. Note: Enter debits before credits Date General Journal Debit Credit Jan 03 Record entry Clear entry View general Journal Diaz Company owns a milling machine that cost $126,200 and has accumulated depreciation of $91,400. Prepare the entry to record the disposal of the milling machine on January 3 In each of the following Independent situations. 1. The machine needed extensive repairs, and it was not worth repairing. Dlaz disposed of the machine, receiving nothing in return. 2. Dlaz sold the machine for $17.200 cash. 3. Diaz sold the machine for $34.800 cash. 4. Dlaz sold the machine for $40,200 cash. View transaction lat Journal entry worksheet
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