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arcia Company owns equipment that cost $81,600, with accumulated depreciation of $43,200. cord the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $50,600 cash, $38,400 cash, and (3) $33,300 cash. View transaction list Journal entry worksheet < A Record the sale of equipment assuming Garcia sells the equipment for $50,600 cash. Note: Enter debits before credits Transaction 1 в с Record entry General Journal Clear entry Debit Credit > View general journal

arcia Company owns equipment that cost $81,600, with accumulated depreciation of $43,200. cord the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $50,600 cash, $38,400 cash, and (3) $33,300 cash. View transaction list Journal entry worksheet < A Record the sale of equipment assuming Garcia sells the equipment for $50,600 cash. Note: Enter debits before credits Transaction 1 в с Record entry General Journal Clear entry Debit Credit > View general journal

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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Garcia Company owns equipment that cost $81,600, with accumulated depreciation of $43,200. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $50,600 cash, (2) $38,400 cash, and (3) $33,300 cash. View transaction list Journal entry worksheet A B C Record the sale of equipment assuming Garcia sells the equipment for $50,600 cash. Note: Enter debits before credits. Transaction 1 Record entry General Journal Clear entry Debit Credit View general Journal
Transcribed Image Text:Garcia Company owns equipment that cost $81,600, with accumulated depreciation of $43,200. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $50,600 cash, (2) $38,400 cash, and (3) $33,300 cash. View transaction list Journal entry worksheet A B C Record the sale of equipment assuming Garcia sells the equipment for $50,600 cash. Note: Enter debits before credits. Transaction 1 Record entry General Journal Clear entry Debit Credit View general Journal
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