Please do not give solution in image format thanku Garcia Company owns equipment that cost $77,600, with accumulated depreciation of $41,200.Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $47,600 cash,(2) $36,400 cash, and (3) $31,300 cash.View transaction listJournal entry worksheet<Aв сRecord the sale of equipment assuming Garcia sells the equipment for $47,600cash.Note: Enter debits before credits.TransactionRecord entryGeneral JournalClear entryDebitCredit>View general journal Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment(2) $36,400 cash, and (3) $31,300 cash.View transaction listJournal entry worksheet< ARecord the sale of equipment assuming Garcia sells the equipment for $36,400cash.Transaction2BNote: Enter debits before credits.Record entryView transaction listACJournal entry worksheetBTransaction3Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for(2) $36,400 cash, and (3) $31,300 cash.General JournalCNote: Enter debits before credits.Record entryClear entryRecord the sale of equipment assuming Garcia sells the equipment for $31,300cash.DebitGeneral JournalClear entryCreditView general journalDebitCreditView general journal

The accumulated depreciation is the amount of depreciation charged on an asset till date. The book…

Garcia Company owns equipment that cost $77,600, with accumulated depreciation of $41,200. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $47,600 cash, (2) $36,400 cash, and (3) $31,300 cash. View transaction list Journal entry worksheet

Garcia Company owns equipment that cost $77,600, with accumulated depreciation of $41,200. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $47,600 cash, (2) $36,400 cash, and (3) $31,300 cash. View transaction list Journal entry worksheet

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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