Rayya Company purchases a machine for $$201,600$ 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 $$86,400$ cash. $(2)$ The machine is sold for $$69,120$ cash.

Journal entry worksheet

$1$

$3$

Record the sale of the machinery for $$86,400$ cash.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Credit,$],[$July $01,2025,$Cash,,$],[,$Accumulated depreciation$-$Machinery,,$],[,,,],[,$Machinery,,$],[,,,],[,,,]]$