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I think I am on the right track Check my work Diaz Company owns a machine that cost $250,000 and has accumulated depreciation of $182,000.

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Check my work Diaz Company owns a machine that cost $250,000 and has accumulated depreciation of $182,000. Prepare the entry to record the disposal of the machine on January 1 in each seperate 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 $35,000 cash. 3. Diaz sold the machine for $68,000 cash. 4. Diaz sold the machine for $80,000 cash. View transaction list Journal entry worksheet Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits. ole # 6 arch 11 4. Dlaz sold the machine for 580,000 cash. View transaction list 8 01:23:10 eBook Journal entry worksheet OOO OOOWE here to search View transaction list Journal entry worksheet 3 4 Record the sale of the machine for $35,000 cash. Note: Enter debits before credits Debit Date Jan 01 Credit General Journal Cash Accumulated depreciation Machine 35.000 182.000 Machine 250 000 Loss on sale of machine Record entry Clear entry View general journal e to search

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