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Rayya Co. purchases and installs a machine on January 1, 2017, at a total cost of $151,200. Stralght-line depreclation is taken each year service. for four years assuming a eight-year life and no salvage value. The machine is disposed of on July 1, 2021, during its fifth year of Prepare entries to record the partial year's depreclation on July 1, 2021, and to record the disposal under the following separate assumptions: (1) The machine Is sold for $75,600 cash. (2) An Insurance settlement of $63,504 Is received due to the machine's total destruction in a fire. View transaction list Journal entry worksheet Record the depreciation expense as of July 1, 2021. Note: Enter debits before credits Credit Date General Journal Debit uly 01, 2021 Clear entry View genera journal Record entry View transaction list Journal entry worksheet 2 Record the sale of the machinery for $75,600 cash. Note: Enter debits before credits. Da General Journal Debit Credit July 01, 2021 Record entry Clear entry View general journal K Prev13 of 16 Next > View transaction list Journal entry worksheet Record the insurance settlement received of $63,504 due to the machine's total destruction in a fire. Note: Enter debits before credits. Date Goneral Journal Debit Credit July 01, 2021 Record entry Clear entry View general journal

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