Garcia Co. owns equipment that cost $78,400, with accumulated depreciation of $41,600. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $48,200 cash, (2) $36,800 cash, and (3) $31,700 cash. Journal entry worksheet Record the sale of equipment assuming Garcia sells the equipment for $48,200 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Journal entry worksheet Record the sale of equipment assuming Garcia sells the equipment for $36,800 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Journal entry worksheet Record the sale of equipment assuming Garcia sells the equipment for $31,700 cash. Note: Enter debits before credits.
Garcia Co. owns equipment that cost $78,400, with accumulated depreciation of $41,600. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $48,200 cash, (2) $36,800 cash, and (3) $31,700 cash. Journal entry worksheet Record the sale of equipment assuming Garcia sells the equipment for $48,200 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Journal entry worksheet Record the sale of equipment assuming Garcia sells the equipment for $36,800 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Journal entry worksheet Record the sale of equipment assuming Garcia sells the equipment for $31,700 cash. Note: Enter debits before credits.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Garcia Co. owns equipment that cost $78,400, with
Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $48,200 cash, (2) $36,800 cash, and (3) $31,700 cash.
- Record the sale of equipment assuming Garcia sells the equipment for $48,200 cash.
Note: Enter debits before credits.
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|
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Journal entry worksheet
- Record the sale of equipment assuming Garcia sells the equipment for $36,800 cash.
Note: Enter debits before credits.
|
|
|
Journal entry worksheet
- Record the sale of equipment assuming Garcia sells the equipment for $31,700 cash.
Note: Enter debits before credits.
|
|
|
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