I need all 4 transactions please View transaction list:X:>1Record the disposal of the machine receiving nothing inreturn.2Record the sale of the machine for $16,300 cash.Record the sale of the machine for $32,900 cash.4Record the sale of the machine for $40,400 cash.CreditNote := journal entry has been enteredRecord entryClear entryView general journal3. Exercise 10-16 Disposal of assets LO P2Diaz Company owns a machine that cost $125,400 and has accumulated depreciation of $92,500. Prepare the entry to record thedisposal 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 listJournal entry worksheet234>Record the disposal of the machine receiving nothing in return.Note: Enter debits before credits.DateGeneral JournalDebitCreditJan 01Record entryClear entryView general journal

Journal means the book of prime entry where all entries are recorded in different pages. Due to…

Answered: 1 Record the disposal of the machine…

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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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