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Diaz Company owns a machine that cost $126,200 and has accumulated depreciation of $94,700. Prepare the entry to record the disposal of the machine on January 1 in each seperate 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 $17,100 cash. 3. Diaz sold the machine for $31,500 cash. 4. Diaz sold the machine for $41,600 cash. View transaction list Journal entry worksheet 1 2 3 4 > Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01