need journal entry #2 and #4

Exercise 8-16 Disposal of assets LO P2 Diaz Company owns a machine that cost $126,200 and has accumulated depreciation of $92,200. Prepare the entr 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 no 2. Diaz sold the machine for $16,000 cash. 3. Diaz sold the machine for $34.000 cash. 4. Diaz sold the machine for $41,200 cash. View transaction list Journal entry worksheet 2 Record the sale of the machine for $16,000 cash. Note: Enter debits before credits. Credit Date Jan 01 General Journal Cash Accumulated depreciation-Machine Loss on sale of machine Machine Debit 16,000 92,200 Record entry Clear entry View general journal 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 $16,000 cash. 3. Diaz sold the machine for $34,000 cash. 4. Diaz sold the machine for $41,200 cash. View transaction list Journal entry worksheet