is this correct ?! have I missed any lind of entry?
Rayya Co. purchases a machine for $193,200 on January 1, 2019. Straight-line depreciation is taken each year for four years assuming a eight-year life and no salvage value. The machine is sold on July 1, 2023, during its fifth year of service. Prepare entries to record the partial year's depreciation on July 1, 2023, and to record the sale under each seperate situation. (1) The machine is sold for $96,600 cash. (2) The machine is sold for $81,144 cash. View transaction list Journal entry worksheet 1 3 > Record the depreciation expense as of July 1, 2023. Note: Enter debits before credits. Credit Date General Journal July 01, 2023 Depreciation expense Accumulated depreciation Machinery Debit 12,075 12,075 Record entry Clear entry View general Journal Rayya Co. purchases a machine for $193,200 on January 1, 2019. Straight-line depreciation is taken each year for four years assuming a eight-year life and no salvage value. The machine is sold on July 1, 2023, during its fifth year of service. Prepare entries to record the partial year's depreciation on July 1, 2023, and to record the sale under each seperate situation (1) The machine is sold for $96,600 cash. (2) The machine is sold for $81144 cash. View transaction list Journal entry worksheet Record the sale of the machinery for $96,600 cash. Note: Enter debits before credits Credit Debit 96,600 Date General Journal July 01, 2023 Cash Gain on sale of machinery Machinery 12.075 84,525 Record entry Clear entry View general Journal Rayya Co. purchases a machine for $193,200 on January 1, 2019. Straight-line depreciation is taken each year for four years assuming a eight-year life and no salvage value. The machine is sold on July 1, 2023, during its fifth year of service. Prepare entries to record the partial year's depreciation on July 1, 2023, and to record the sale under each seperate situation (1) The machine is sold for $96,600 cash (2) The machine is sold for $81,144 cash View transaction list Journal entry worksheet