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1 Record the disposal of the machine receiving nothing in return. 2 Record the sale of the machine for $16,300 cash. 3 Record the sale of the machine for $32,900 cash.

1 Record the disposal of the machine receiving nothing in return. 2 Record the sale of the machine for $16,300 cash. 3 Record the sale of the machine for $32,900 cash.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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I need all 4 transactions please

View transaction list :X: > 1 Record the disposal of the machine receiving nothing in return. 2 Record the sale of the machine for $16,300 cash. Record the sale of the machine for $32,900 cash. 4 Record the sale of the machine for $40,400 cash. Credit Note : = journal entry has been entered Record entry Clear entry View general journal 3.
Transcribed Image Text:View transaction list :X: > 1 Record the disposal of the machine receiving nothing in return. 2 Record the sale of the machine for $16,300 cash. Record the sale of the machine for $32,900 cash. 4 Record the sale of the machine for $40,400 cash. Credit Note : = journal entry has been entered Record entry Clear entry View general journal 3.
Exercise 10-16 Disposal of assets LO P2 Diaz Company owns a machine that cost $125,400 and has accumulated depreciation of $92,500. 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 $16,300 cash. 3. Diaz sold the machine for $32,900 cash. 4. Diaz sold the machine for $40,400 cash. View transaction list Journal entry worksheet 2 3 4 > Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01 Record entry Clear entry View general journal
Transcribed Image Text:Exercise 10-16 Disposal of assets LO P2 Diaz Company owns a machine that cost $125,400 and has accumulated depreciation of $92,500. 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 $16,300 cash. 3. Diaz sold the machine for $32,900 cash. 4. Diaz sold the machine for $40,400 cash. View transaction list Journal entry worksheet 2 3 4 > Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01 Record entry Clear entry View general journal
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