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

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Accounting

Diaz Company owns a machine that cost $126,600 and hasaccumulated depreciation of $90,600. Prepare the entry to recordthe disposal of the machine on January 1 in each seperatesituation. The machine needed extensive repairs and was not worthrepairing. Diaz disposed of the machine, receiving nothing inreturn. Diaz sold the machine for $16,500 cash. Diaz sold themachine for $36,000 cash. Diaz sold the machine for $41,700 cash.1. Record the disposal of the machine receiving nothing in return.2. Record the sale of the machine for $16,500 cash. 3. Record thesale of the machine for $36,000 cash. 4. Record the sale of themachine for $41,700 cash.

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