Rayya Co purchases a machine for $109.200 on January 1, 2019 Straight-line depreciation is taken each year for four years assuming a seven-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. The machine is sold for $46,800 cash (2) The machine is sold for $37,440 cash View transaction list Journal entry worksheet 1 2 3 Record the depreciation expense as of July 1, 2023 Note: Enter det before credits Debit Credit General Journal July 01, 2023 Depreciation expense Accumulated depreciation-Machinery Record entry Clear entry View general journal Rayya Co purchases a machine for $109,200 on January 1, 2019. Straight-line depreciation is taken each year for four years assuming a seven-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. The machine is sold for $46,800 cash (2) The machine is sold for $37,440 cash View transaction ist Journal entry worksheet