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 в с Record the sale of equipment assuming Garcia sells the equipment for $37,400 cash. Note: Enter debits before credits. Transaction General Journal Debit Credi
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 в с Record the sale of equipment assuming Garcia sells the equipment for $37,400 cash. Note: Enter debits before credits. Transaction General Journal Debit Credi
Chapter11: Long-term Assets
Section: Chapter Questions
Problem 12PA: Garcia Co. owns equipment that costs $76,800, with accumulated depreciation of $40,800. Garcia sells...
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Question
![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
В
C
Record the sale of equipment assuming Garcia sells the equipment for $37,400
cash.
Note: Enter debits before credits.
Transaction
General Journal
Debit
Credi
Record entry
Clear entry
View genera](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe1c09660-0bd6-4817-bc8c-e0c6737d6047%2Ff39bb6c4-24b8-4ac8-ba69-0ee23b82a39c%2Fc07pm1i_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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
В
C
Record the sale of equipment assuming Garcia sells the equipment for $37,400
cash.
Note: Enter debits before credits.
Transaction
General Journal
Debit
Credi
Record entry
Clear entry
View genera
![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 genera](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe1c09660-0bd6-4817-bc8c-e0c6737d6047%2Ff39bb6c4-24b8-4ac8-ba69-0ee23b82a39c%2Fegnk87g_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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 genera
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