Rayya Company purchases a machine for $$134,400$ 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 $$67,200$ cash. $(2)$ The machine is sold for $$56,448$ cash.

Journal entry worksheet

$1$

$23$

Record the depreciation expense as of July $1,2025.$

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,,Debit,Credit$],[$July $01,2025,$Cash,grad,,$],[,$Accumulated depreciation$--$Machinery,,$86,400,],[,,,,],[,5,,,],[(1),5,,,]]$

Pre.y

$4$ of $9$

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