n Diaz Company owns a machine that cost $126,600 and has accumulated depreciation of $91,000. Prepare the

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Diaz Company owns a machine that cost $126,600 and has accumulated depreciation of $91,000. 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 $15,600 cash. 3. Diaz sold the machine for $35,600 cash. 4. Diaz sold the machine for $40,500 cash. View transaction list Journal entry worksheet < 1 2 Date January 01 3 Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits. Record entry 4 General Journal Clear entry Debit Credit View general journal Diaz Company owns a machine that cost $126,600 and has accumulated depreciation of $91,000. 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 $15,600 cash. 3. Diaz sold the machine for $35,600 cash. 4. Diaz sold the machine for $40,500 cash. View transaction list Journal entry worksheet < 1 2 Date January 01 3 Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits. Record entry 4 General Journal Clear entry Debit Credit View general journal

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1 The machine needed extensive repairs and was not worth repairing Diaz disposed ... View the full answer