Diaz Company owns machine that cost $126,300 and has accumulated depreciation of $93,000. Prepare the entry to record thedisposal 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 $16,600 cash.3. Diaz sold the machine for $33,300 cash.4. Diaz sold the machine for $40,400 cash.View transaction listJournal entry worksheet12Record the disposal of the machine receiving nothing in return.DateJanuary 013 4Note: Enter debits before credits.Record entryGeneral JournalClear entryDebitCreditView general Journal>

Solution: Journal entry: Date General Journal Debit $…

Answered: lisposal of the machine on January 1 in…

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter7: Deductions And Losses: Certain Business Expenses And Losses

Section: Chapter Questions

Problem 35P

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Diaz Company owns a machine that cost $126,600 and has accumulated depreciation of $94,200, 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 $17,400 cash. 3. Diaz sold the machine for $32,400 cash. 4. Diaz sold the machine for $40,400 cash.
Diaz Company owns a machine that cost $125,300 and has accumulated depreciation of $92,700. 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 $17,100 cash. 3. Diaz sold the machine for $32,600 cash. 4. Diaz sold the machine for $40,800 cash. View transaction list Journal entry worksheet 1 2 3 Date January 01 Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits. 4 General Journal Debit Credit >
Diaz Company owns a machine that cost $125,100 and has accumulated depreciation of $90,600. 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 $16,900 cash. 3. Diaz sold the machine for $34,500 cash. 4. Diaz sold the machine for $41,600 cash. View transaction list Journal entry worksheet < 1 2 3 4 Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits. General Journal Debit Date January 01 Credit
Diaz Company owns a machine that cost $126,600 and has accumulated depreciation of $90,500. 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 $16,400 cash. 3. Diaz sold the machine for $36,100 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 January 01 General Journal Debit Credit Record entry Clear entry View general journal
Diaz Company owns a machine that cost $125,400 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 $17,500 cash.3. Diaz sold the machine for $34,500 cash.4. Diaz sold the machine for $41,300 cash. Journal entry worksheet
Diaz Company owns a machine that cost $126,500 and has accumulated depreciation of $93,400. 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 $16,200 cash. 3. Diaz sold the machine for $33,100 cash. 4. Diaz sold the machine for $40,100 cash. View transaction list Journal entry worksheet 1 2 3 4 Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits. Date January 01 General Journal Debit Credit
Diaz Company owns a machine that cost $250,000 and has accumulated depreciation of $182,000. 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 $35,000 cash. 3. Diaz sold the machine for $68,000 cash. 4. Diaz sold the machine for $80,000 cash.
ces Diaz Company owns a machine that cost $126,900 and has accumulated depreciation of $93,300. 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 $15,700 cash. 3. Diaz sold the machine for $33,600 cash. 4. Diaz sold the machine for $40,600 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. > P Notification Suggestions Turn off notifications from Se We noticed you haven't open
Dlaz Company owns a machine that cost $126,300 and has accumulated depreciation of $94,400. 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 $17,000 cash. 3. Dlaz sold the machine for $31,900 cash. 4. Diaz sold the machine for $41,100 cash. View transaction list ces Journal entry worksheet 1 3 4 Record the disposal of the machine receiving nothing in return. Note: Enter debits before credits. Debit Credit Date General Journal Jan 01 MacBook Air
Dlaz Company owns a machine that cost $126,300 and has accumulated depreciation of $94,400. 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 $17,000 cash. 3. Dlaz sold the machine for $31,900 cash. 4. Diaz sold the machine for $41,100 cash. O Answer is not complete. No Dato General Journal Debit Credit Jan 01 Accumulated depreciationMachine 94,400 O Loss on disposal of machine 31,900 O Vehicles 126,300 O Cash 17,000 O 2 Jan 01 94,400 14,900 O Accumulited idepreciationMachine Loss on disposal of machine 126,300 O 31,900 O 3 Jan 01 Cush 94,400 O Acalimulatid depreduti onManhine 126,300 O 41,100 O Jen 01 Cash 4 5 of 7 Next > Prev MacBook Air
iaz Company owns a machine that cost $250,000 and has accumulated depreciation of 182,000. Prepare the entry to record the disposal of the machine on January 1 in each eparate 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 $35,000 cash. 3. Diaz sold the machine for $68,000 cash. 4. Diaz sold the machine for $80,000 cash. View transaction list View journal entry worksheet No 1 2 Date January 01 January 01 General Journal No Transaction Recorded No Transaction Recorded Debit
Diaz Company owns a machine that cost $126,300 and has accumulated depreciation of $91,700. Prepare the entry to record the disposal of the machine on January 1 in each seperate situation. The machine needed extensive repairs and was not worth repairing. Diaz disposed of the machine, receiving nothing in return. Diaz sold the machine for $17,000 cash. Diaz sold the machine for $34,600 cash. Diaz sold the machine for $41,200 cash. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01

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