Rayya Company purchases a machine for $$126,000$ on January $1,2021.$ 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 $1,2025,$ during its fifth year of service,

Prepare entries to record the partial year's depreciation on July $1,2025,$ and to record the sale under each separate situation. $(1)$ The machine is sold for $$63,000$ cash. $(2)$ The machine is sold for $$52,920$ cash.

Viow transaction list

$\backslash$table$[[$No$,$Date,General Journal,Debit,Credit$],[,1,$July $01,2025,$No Transaction Recorded,$],[,,,,],[,,$July $01,2025,$No Transaction Recorded,$],[,,,,]]$