I need help with this question please, I need to prepare journal entries and the one I cannot forgive our are1)record partial year depreciation for sept. 30 20252) it was sold for 25000 on sept 30. 20253) it was destroyed in a fire and insurance company paid 30000 in full settlement of the loss claim

Vita Water purchased a used machine for $122,300 on January 2. 2020. It was repaired the next day at a cost of $10,038 and installed on a new platform that cost $1,662 The company predicted that the machine would be used for six years and would then have a $24,320 residual value. Depreciation was to be charged on a straight-line basis to the nearest whole month. A full year's depreciation was recorded on December 31, 2020. On September 30, 2025. it was retired. Required: 1. Prepare journal entries to record the purchase of the machine, the cost of repairing it, and the installation. Assume that cash was paid View transaction list Journal entry worksheet 2 3 Record purchase of machine. Note: Enter debits before creditsell DateIn General Journal Debit Credit Jan 02, 2020 Machine 134,000 Cash 134,000 Record entry Clear entry View general journal