Rayya Company purchases a machine for $168,000 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 sorvice. Prepare entries to record the partial year's depreciation on July 1, 2025, and to tecord the sale under each separate shtuation, (1) The machine is sold for $84,000 cash. (2) The machine is sold for $70,560 cash. Journal entry worksheet Record the depreciation expense as of July 1,2025. Note: Enter debits before credits. Rayya Compary purcheses a machine for $168,000 on Jonuary 1, 2021. Stralght-ine depreciawon is triken each year foe four yoars assuming a elght-year life and no salvage value. The machine is sold on July 1,2025, during its finh year of service. Prepare entries to record the portiol year's depreciation on fuly 1, 2025, and to record the sale under each separate situathan, (6) The machine is sold for $84,000 cash. (2) The mochine is sold for $70,560 cash. Journal entry worksheet Record the sale of the machinery for $84,000 cash. Note: Enter debits before credits. Rayya Company purchases a michine for $168,000 on January 1, 2021. Straight dine depreciation is taken each year for four years assiuming a elght-year life and no salvage value. The machine is sold on July 1, 2025, during ita nith yeare of service Prepare entries to record the partial year's deprecintion on July 1,2025 , and to record the sale under each separmie situation, (5) The machine is sold for $84,000 cash. (2) The machine is sold for $76.560 cash. Journal entry worksheet Record the machine sold for $70,560 cash. Note: Enter debits before credits