Question: Saved Help Save & Exit Submit Rayya Company purchases a machine for $184,800 on January 1, 2021. Straight-line depreciation is taken each year for four


Saved Help Save & Exit Submit Rayya Company purchases a machine for $184,800 on January 1, 2021. Straight-line depreciation is taken each year for four years assuming a elght-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 $92,400 cash (2) The machine is sold for $77,616 cash View transaction list Journal entry worksheet 2 3 Record the depreciation expense as of July 1, 2025 Note: Enter debits before credits Dobit Credit Date General Journal July 01, 2025 Depreciation expense-Machinery 'Accumulated depreciation Machinery Seved Help Save & Exit Submit Rayya Company purchases a machine for $184,800 on January 1, 202 Straight-line depreciation is taken each year for four years assuming a eight-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 $92,400 cash. (2) The machine is sold for $77,616 cash. View transaction list Journal entry worksheet Record the machine sold for $77,616 cash. Note: Enter debits before credits Dobit Credit General Journal Date July 01, 2025
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