Garcia Co. owns equipment that cost $76,800, with accumulated depreciation of $40,800. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $47,000 cash, (2) $36,000 cash, and (3) $31,000 cash. View transaction list Journal entry worksheet A B C > Record the sale of equipment assuming Garcia sells the equipment for $47,000 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit
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- Buchanan Imports purchased McLaren Corporation for $5,000,000 cash when McLaren had net assets worth $4,500,000. A. What is the amount of goodwill in this transaction? B. What is Buchanans journal entry to record the purchase of McLaren? C. What journal entry should Buchanan write when the company internally generates additional goodwill in the year following the purchase of McLaren?Garcia Company owns equipment that cost $84,000, with accumulated depreciation of $44,400. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $52,400 cash, (2) $39,600 cash, and (3) $34,500 cash. View transaction list Journal entry worksheet < A в с Record the sale of equipment assuming Garcia sells the equipment for $52,400 cash. Note: Enter debits before credits. Transaction 1 General Journal Debit CreditGarcia Co. owns equipment that cost $84,800, with accumulated depreciation of $44,800. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $53,000 cash, (2) $40,000 cash, and (3) $34,900 cash. View transaction list Journal entry worksheet < A Record the sale of equipment assuming Garcia sells the equipment for $53,000 cash. в с Note: Enter debits before credits. Transaction 1 Record entry General Journal Clear entry Debit Credit View general journal
- Garcia Company owns equipment that cost $79,600, with accumulated depreciation of $42,200. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $49,100 cash, (2) $37,400 cash, and (3) $32,300 cash. View transaction list Journal entry worksheet A C Record the sale of equipment assuming Garcia sells the equipment for $49,100 cash. Note: Enter debits before credits. Transaction General Journal Debit Credi 1 Record entry Clear entry View generaGarcla Co. owns equlipment that cost $77,600, with accumulated depreclation of $41.200. Record the sale of the equipment under the following three separate cases assuming Garcla sells the equipment for (1) $47,600 cash. (2) $36,400 cash, and (3) $31.,300 cash. Vlew transaction Ilat Journal entry worksheet A Record the sale of equipment assuming Garcia sells the equipment for $47,600 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry Vlew general journalGarcia Co. owns equipment that cost $76,800, with accumulated depreciation of $40,800. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $47,000 cash, (2) $36,000 cash, and (3) $31,000 cash. View transaction list Journal entry worksheet B C > Record the sale of equipment assuming Garcia sells the equipment for $47,000 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 9:04 AM 3/28/2022 Fn Lock Insert Prt Sc F5 F6 F10 F11 F12 F8 F9 F4
- Garcia Co. owns equipment that cost $81,200, with accumulated depreciation of $43,000. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $50,300 cash, (2) $38,200 cash, and (3) $33,100 cash. View transaction list Journal entry worksheet A | B с Record the sale of equipment assuming Garcia sells the equipment for $50,300 cash. Note: Enter debits before credits. Transaction 1 Record entry General Journal Clear entry Debit Credit View general journal >Garcia Co. owns equipment that cost $77,200, with accumulated depreciation of $41,000. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $47,300 cash, (2) $36,200 cash, and (3) $31,100 cash. View transaction list Journal entry worksheet A B C > Record the sale of equipment assuming Garcia sells the equipment for $47,300 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 1Garcia Co. owns equipment that cost $80,000, with accumulated depreciation of $42,400. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $49,400 cash, (2) $37,600 cash, and (3) $32,500 cash. View transaction list Journal entry worksheet A B > Record the sale of equipment assuming Garcia sells the equipment for $32,500 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 3 Record entry Clear entry View general journal
- Garcia Co. owns equipment that cost $80,000, with accumulated depreciation of $42,400. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $49,400 cash, (2) $37,600 cash, and (3) $32,500 cash. View transaction list Journal entry worksheet A B C > Record the sale of equipment assuming Garcia sells the equipment for $49,400 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journalGarcla Co. owns equipment that cost $82,400, with accumulated depreclation of $43,600. Record the sale of the equipment under the following three separate cases assuming Garcla sells the equipment for (1) $51,200 cash, (2) $38,800 cash, and (3) $33,700 cash. Vlew transaction lot Journal entry worksheet Record the sale of equipment assuming Garcia sells the equipment for $51,200 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry Vlew general JournalGarcia Company owns equipment that cost $83,600, with accumulated depreciation of $44,200. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $52,100 cash, (2) $39,400 cash, and (3) $34,300 cash. Journal entry worksheet 1. Record the sale of equipment assuming Garcia sells the equipment for $52,100 cash. 2. Record the sale of equipment assuming Garcia sells the equipment for $39,400 cash. 3. Record the sale of equipment assuming Garcia sells the equipment for $34,300 cash.