Exercise 8-17 (Algo) Disposal of assets LO P2 Diaz Company owns a machine that cost $125,000 and has accumulated depreciation of $90,700. 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 $15,700 cash. 3. Diaz sold the machine for $34,300 cash. 4. Diaz sold the machine for $40,800 cash View transaction ist Journal entry worksheet 2 3 1 tes Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits General Journal Debit Date January 01 Credit Journal entry worksheet Record the sale of the machine for $15,700 cash. Note: Enter debits before credits. General Journal Debit Credit Date January 01 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 Record the sale of the machine for $34,300 cash. Note: Enter debits before credits. General Journal Debit Credit Date January 01 Record entry Clear entry View general Journal Journal entry worksheet