Rayya Co purchases a machine for $151,200 on January 1, 2019. Straight-line depreciation is taken each year for four years assuming eight-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 $75.600 cash (2) The machine is sold for $63,504 cash. View transaction lit 19 Journal entry worksheet View transaction list Journal entry worksheet N 3.60 Record the machine sold for $63,504 cash. Note: Enter debits before credits. General Journal Debit Credit Date July 01, 2023 View general Journal Clear entry Record entry Next > 25 of 27