es Rayya Company purchases a machine for $210,000 on January 1, 2021. Straight-line depreciation is taken each year for four years assuming a seven-year life and no salvage value. The machine is sold on July 1, 2025, during its fifth year of service. Prepare entries to record the partial year's depreciation on July 1, 2025, and to record the sale under each separate situation. (1) The machine is sold for $90,000 cash. (2) The machine is sold for $72,000 cash. View transaction list Journal entry worksheet < 3 Record the depreciation expense as of July 1, 2025. Note: Enter debits before credits. Date July 01, 2025 Depreciation expense-Machinery General Journal Debit Credit 30,000 Accumulated depreciation-Machinery 30,000 Prepare entries to record the partial year's depreciation on July 1, 2025, and to record the sale under each separa situation. (1) The machine is sold for $90,000 cash. (2) The machine is sold for $72,000 cash. View transaction list Journal entry worksheet < 2 Record the sale of the machinery for $90,000 cash. Note: Enter debits before credits. Date July 01, 2025 Cash General Journal Debit Credit 90,000 Accumulated depreciation-Machinery Gain on sale of machinery Machinery 30,000 Record entry Clear entry View general journal View transaction list Journal entry worksheet 2 3 Record the machine sold for $72,000 cash. Note: Enter debits before credits. Date General Journal Debit Credit 72,000 July 01, 2025 Cash Accumulated depreciation-Machinery Loss on sale of machinery Machinery Record entry Clear entry View general journal