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Everything is one problem Diaz Company owns a machine that cost $126,100 and has accumulated depreciation of $94,100. Prepare the entry to record the disposal
Everything is one problem
Diaz Company owns a machine that cost $126,100 and has accumulated depreciation of $94,100. Prepare the entry to record the disposal of the machine on January 1 in each separate situation. 1. The machine needed extensive repairs and was not worth repairing. Diaz disposed of the machine, receiving nothing in return. 2. Diaz sold the machine for $16,700 cash. 3. Diaz sold the machine for $32,000 cash. 4. Diaz sold the machine for $41,600 cash. Journal entry worksheet 4 Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits. Journal entry worksheet Record the sale of the machine for $16,700 cash. Note: Enter debits before credits. Journal entry worksheet Record the sale of the machine for $32,000 cash. Note: Enter debits before credits. Journal entry worksheet Record the sale of the machine for $41,600 cash. Note: Enter debits before creditsStep by Step Solution
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