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6 Exercise 8-16 Disposal of assets LO P2 Diaz Company owns a machine that cout...

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6 Exercise 8-16 Disposal of assets LO P2 Diaz Company owns a machine that cout $125,300 and has accumulated depreciation of $94.500 Prepte ed disposal of the machine on January in each seperate situation 1. The machine needed extensive repairs and was net worth reparing Diaz dupened of the machine, recoming nating mun 2. Diaz sold the machine for $16,200 cash 3. Diaz sold the machine for $31,600 cash 4. Diaz sold the machine for $40,700 cash View transaction list Journal entry worksheet 2 3 4 1 Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits Debit Credit Date General Journal Jan 01

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