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Saved Help Save & Exit Diaz Company owns a machine that cost $125,300 and has accumulated depreciation of $94,900. Prepare the entry to record the
Saved Help Save & Exit Diaz Company owns a machine that cost $125,300 and has accumulated depreciation of $94,900. Prepare the entry to record the disposal of the machine on January 1 in each separate situation. 1. The machine needed extensive repairs and was not worth repairing. Diaz disposed of the machine, receiving nothing in return. 2. Diaz sold the machine for $15,700 cash. 3. Diaz sold the machine for $30,400 cash. 4. Diaz sold the machine for $40,300 cash. View transaction list w Journal entry worksheet Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits. FI 19C
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