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pany owns a milling machine that cost $125,200 and has accumulated depreciation of $93,700. Prepare...

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Accounting

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pany owns a milling machine that cost $125,200 and has accumulated depreciation of $93,700. Prepare the entry to record the disposal of the milling machine on January 3 under each of the following independent situations. 1. The machine needed extensive repairs, and it was not worth 2. Diaz sold the machine for $15,800 cash. 3. Diaz sold the machine for $31,500 cash. 4. Diaz sold the machine for $40,400 cash. repairing. Diaz disposed of the machine, receiving nothing in return View transaction Ist Journal entry worksheet 3 Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits Debit C General Journal Date Jan 03 Record entry

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