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Record the Disposal of the machine receiving nothing in return Record the sale of...

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Accounting

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Record the Disposal of the machine receiving nothing in return
Record the sale of the machine for 17,300 cash
Record the sale of the machine for 35,200 cash
Record the sale of the machine for 40,700 cash
Help Exercise 8-17 (Algo) Disposal of assets LO P2 Diaz Company owns a machine that cost $126,100 and has accumulated depreciation of $90,900. 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 $17.300 cash 3. Diaz sold the machine for $35,200 cash 4. Diaz sold the machine for $40,700 cash. View transaction at Journal entry worksheet 2 3 4 Record the sale of the machine for $17,300 cash Note Enter debits before credits Credili Date January 01 Ganarum Cash Accumulated depreciation Machine Loss on disposal of machine Machine Delt 17.300 90,000 Becord my Clear entry View general journal

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