Rayya Co. purchases a machine for $92,400 on January 1, 2019. Straight-line depreciation is taken each year for four years assuming a 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. (1) The machine is sold for $46,200 cash. (2) The machine is sold for $38,808 cash. View transaction list Journal entry worksheet Record the depreciation expense as of July 1, 2023. Note: Enter debits before credits. Debit Credit Date General Journal July 01, 2023 Depreciation expense Accumulated depreciation-Machinery 5,775 5,775 Record entry Clear entry View general journal Rayya Co. purchases a machine for $92,400 on January 1, 2019. Straight-line depreciation is taken each year for four years assuming a 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. (1) The machine is sold for $46,200 cash. (2) The machine is sold for $38,808 cash. View transaction list X 1 Record the depreciation expense as of July 1, 2023. > 2 Record the sale of the machinery for $46,200 cash. 3 Record the machine sold for $38,808 cash. Credit Note : = journal entry has been entered Record entry Clear entry View general journal