Journal entry 1-4

Exercise 10-16 Disposal of assets LO P2 Diaz Company owns a machine that cost $126,700 and has accumulated depreciation of $90 900 Prepare the entry to record the disposal of the machine on January 1in 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 $15,800 cash. 3. Diaz sold the machine for $35.900 cash 4. Diaz sold the machine for $41500 cash View transaction list Journal entry worksheet Record the disposal of the machine receiving nothing in return Note: Enter debits before credits Date General Journal Debit Credit Jan 01 View Record entry Clean