Diaz Company owns a machine that cost $126,600 and has accumulated depreciation of $90,300. Prepare...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Diaz Company owns a machine that cost $126,600 and has accumulated depreciation of $90,300. 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 $16,700cash. 3. Diaz sold the machine for $36,300cash. 4. Diaz sold the machine for $41,200 cash. Journal entry worksheet Record the disposat of the machine receiving nothing in return. Note: Enter debita before credia. Diaz Company owns a machine that cost $126,600 and has accumulated depreciation of $90,300. Prepare the entry to record the disposal of the machine on January 1 in each separate situotion. 1. The machine needed extensive repairs and was not worth repairing. Diaz disposed of the machine, receiving nothing in refurn. 2. Diaz sold the machine for $16,700cash. 3. Diaz sold the machine for $36,300cosh. 4. Diaz sold the machine for $41,200cash. Journal entry worksheet AEILISE O." (MIYU) LISpUsai UI assels LU RL liaz Company owns a machine that cost $126,600 and has accumulated depreciation of $90,300. Prepare the entry to record the isposal 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 $16,700 cash. 3. Diaz sold the machine for $36,300 cash. 4. Diaz sold the machine for $41,200 cash. Journal entry worksheet Diaz Company owns a machine that cost $126,600 and has accumulated depreciation of $90,300. Prepare the entry to record the fisposal 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 $16,700cash. 3. Diaz sold the machine for $36,300 cash. 4. Diaz sold the machine for $41,200 cash. Journal entry worksheet Record the sale of the machine for $41,200 cash
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!