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2. Record the sale of the machine for $16,600 cash.

3. Record the sale of the machine for $31,300 cash.

4. Record the sale of the machine for $41,100 cash.

Diaz Company owns a milling machine that cost $126,200 and has accumulated depreciation of $94,900. Prepare the entry to record the disposal of the milling machine on January 3 in each of the following independent situations. 1. The machine needed extensive repairs, and it was not worth repairing. Diaz disposed of the machine, receiving nothing in return. 2. Diaz sold the machine for $16,600 cash. 3. Diaz sold the machine for $31,300 cash. 4. Diaz sold the machine for $41,100 cash. View transaction list Journal entry worksheet Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits. Date General Journal Debit Credit Jan 03 Record entry Clear entry View general journal