Seved Exercise 8-16 Disposal of assets LO P2 2.48 points Diaz Company owns a milling machine that cost $126,000 and has accumulated depreciation of $94.900. Prepare the entry to record the disposal of the milling machine on January 3 under 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. Dlaz sold the machine for $16,700 cash. 3. Diaz sold the machine for $31,100 cash. 4. Diaz sold the machine for $40,700 cash. View transaction list Journal entry worksheet 2 3 4 Record the disposal of the machine receiving nothing in return References No t e debits before credits General Journal Debit Credit Date Jan 03 View general journal Clear entry Record entry Exercise 8-16 Disposal of assets LO P2 2.48 points Diaz Company owns a milling machine that cost $126,000 and has accumulated depreciation of $94,900. Prepare the entry to record the disposal of the milling machine on January 3 under each of the following independent situations. eBook 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 $16.700 cash. 3. Diaz sold the machine for $31,100 cash. 4. Diaz sold the machine for $40.700 cash. View transaction list Journal entry worksheet Print Record the sale of the machine for $16,700 cash. References Note: Enter debits before credits Date General Journal Debit Credit Jan 03 Clear entry Record entry View general Journal Chapter - 8 Homework Help Exercise 8-16 Disposal of assets LO P2 2.48 points Diaz Company owns a milling machine that cost $126,000 and has accumulated depreciation of $94.900. Prepare the entry to record the disposal of the milling machine on January 3 under 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 $16.700 cash. 3. Diaz sold the machine for $31,100 cash. 4. Diaz sold the machine for $40.700 cash. View transaction list Ape Journal entry worksheet