Diaz Company owns a machine that cost $126,600 and has accumulated depreciation of $90,800. Prepare the entry to record

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Diaz Company Owns A Machine That Cost 126 600 And Has Accumulated Depreciation Of 90 800 Prepare The Entry To Record 1 (33.72 KiB) Viewed 50 times

Diaz Company owns a machine that cost $126,600 and has accumulated depreciation of $90,800. 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 $16,800 cash 3. Diaz sold the machine for $35,800 cash, 4. Diaz sold the machine for $40,700 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 January 01 General Journal Debit Credit Drou