Rayya Company purchases a machine for $142,800 on January 1, 2021. Straight-line depreciation 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 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 $61,200 cash. (2) The machine is sold for $48,960 cash. View transaction list Journal entry worksheet Record the depreciation expense as of July 1, 2025. Note: Enter debits before credits. General Journal Debit Credit Date July 01, 2025 Record entry Clear entry View general journal