Help Save & EN Diaz Company owns a machine that cost $126,900 and has accumulated...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Help Save & EN Diaz Company owns a machine that cost $126,900 and has accumulated depreciation of $91,000. Prepare the entry to record the disposal of the machine on January 1 in each seperate 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 $16,400 cash. 3. Diaz sold the machine for $35,900 cash. 4. Diaz sold the machine for $40,200 cash. View transaction list Journal entry worksheet > 2 Record the disposal of the machine receiving nothing in return. Debit Note: Enter debits before credits General Journal Date Jan 01 Clear andry Next > Record entry 3 of 4
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!
