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Diaz Company owns a machine that cost $125,600 and has accumulated depreciation of $94,600. Prepare the entry to record the disposal of the machine on January 1 in each separate situation. 1. The machine needed extensive repairs and was not worth repairing. Diaz disposed of the machine, receiving nothing in retu 2. Diaz sold the machine for $16,000 cash. 3. Diaz sold the machine for $31,000 cash. 4. Diaz sold the machine for $41,200 cash. Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits. Journal entry worksheet Record the sale of the machine for $16,000 cash. Note: Enter debits before credits. Journal entry worksheet Record the sale of the machine for $31,000 cash. Note: Enter debits before credits. Journal entry worksheet Record the sale of the machine for $41,200 cash. Note: Enter debits before credits