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Rayya Company purchases a machine for $117.600 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 $50,400 cash. (2) The machine is sold for $40,320 cash View transaction list Journal entry worksheet 1 2 Record the depreciation expense as of July 1, 2025. Not Fotorahar haft credi Rayya Company purchases a machine for $117,600 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 $50,400 cash (2) The machine is sold for $40,320 cash View transaction list Journal entry worksheet 1 > Record the sale of the machinery for $50,400 cash Note: Enter debits before credits General Journal Debit Credit Date July 01, 2025 Rayya Company purchases a machine for $117.600 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 tifth 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 $50.400 cash. (2) The machine is sold for $40,320 cash 214 View transaction list Journal entry worksheet 2 Record the machine sold for $40,320 cash Note: Enter deb bele credite General Journal Debit Credit Date July 01 2025