Exerclse $8-17($Algo$)$ Disposal of assets LO P$2$

Dlaz Company owns a machine that cost $$126,400$ and has accumulated depreclation of $$94,700.$ Prepare the entry to record the

disposal of the machine on January $1$ in each separate sltuation.

The machine needed extenslve repalrs and was not worth repairling. Dlaz disposed of the machine, recelving nothing in return.

Dlaz sold the machine for $$16,700$ cash.

Dlaz sold the machine for $$31,700$cash.

Dlaz sold the machine for $$41,100$ cash.

Journal entry worksheet

Record the disposal of the machine receiving nothing in return.

Nate: Enter debits befare credits.