Record the disposal of machine, receiving nothing in return

Record the sale of the machine for 15,900 cash

Record the sale of the machine for 30,400 cash

Record the sale of the machine for 40,100 cash

Diaz Company owns a machine that cost $125,100 and has accumulated depreciation of $94,700. Prepare the entry to record the disposal of the machine on January 1 in each separate situation. 1. The machine needed extenslve repairs and was not worth repairing. Diaz disposed of the machine, recelving nothing in return. 2. Diaz sold the machine for $15,900 cash. 3. Diaz sold the machine for $30,400 cash. 4. Diaz sold the machine for $40,100cash. Journal entry worksheet Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits