Rayya Company purchases a machine for $$159,600$ on January $1,2021.$ Straight$-$IIne depreclation Is taken each year

for four years assuming a seven$-$year life and no salvage value. The machine is sold on July $1,2025,$ during its fifth

year of service.

Prepare entrles to record the partial year's depreclation on July $1,2025,$ and to record the sale under each separate

situation. $(1)$ The machine is sold for $$68,400$ cash. $(2)$ The machine is sold for $$54,720$ cash.

Journal entry worksheet

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

Note: Enter debits before credits.