Exercise 8-17 (Algo) Disposal of assets LO P2 Diaz Company owns a machine that cost $126,800 and has accumulated depreciation of $92,100. 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 $17,200 cash. 3. Diaz sold the machine for $34,700 cash. 4. Diaz sold the machine for $40,100 cash. View transaction list Journal entry worksheet < 1 2 3 4 Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits. Date January 01 General Journal Debit Credit Diaz Company owns a machine that cost $126,800 and has accumulated depreciation of $92,100. 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 retur 2. Diaz sold the machine for $17,200 cash. 3. Diaz sold the machine for $34,700 cash. 4. Diaz sold the machine for $40,100 cash. View transaction list Journal entry worksheet < 2 3 4 Record the sale of the machine for $17,200 cash. Note: Enter debits before credits. Date January 01 General Journal Debit Credit Record entry Clear entry View general journal > Diaz Company owns a machine that cost $126,800 and has accumulated depreciation of $92,100. 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 $17,200 cash. 3. Diaz sold the machine for $34,700 cash. 4. Diaz sold the machine for $40,100 cash. View transaction list Journal entry worksheet < 1 2 Record the sale of the machine for $34,700 cash. Note: Enter debits before credits. Date January 01 General Journal Debit Credit Record entry Clear entry View general journal Diaz Company owns a machine, that cost $126,800 and has accumulated depreciation of $92,100. 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 $17,200 cash. 3. Diaz sold the machine for $34,700 cash. 4. Diaz sold the machine for $40,100 cash. View transaction list Journal entry worksheet < 1 2 3 4 Record the sale of the machine for $40,100 cash. Note: Enter debits before credits. Date January 011 General Journal Debit Credit View general journal Record entry Clear entry