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please help !! Diaz Company owns a machine that cost $126,600 and has accumulated depreciation of $91,000. Prepare the entry to record the disposal of
please help !!
Diaz Company owns a machine that cost $126,600 and has accumulated depreciation of $91,000. 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, recelving nothing in return. 2. Diaz sold the machine for $16,300 cash. 3. Diaz sold the machine for $35,600 cash. 4. Diaz sold the machine for $41,500 cash. Journal entry worksheet Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits Step by Step Solution
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