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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 B Record the sale of equipment assuming Garcia sells the equipment for $49,100 cash. Transaction C Note: Enter debits before credits. Record entry General Journal Clear entry Debit Credit View general journal 4

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 B Record the sale of equipment assuming Garcia sells the equipment for $49,100 cash. Transaction C Note: Enter debits before credits. Record entry General Journal Clear entry Debit Credit View general journal 4

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 $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 B Record the sale of equipment assuming Garcia sells the equipment for $49,100 cash. Transaction 1 C Note: Enter debits before credits. Record entry General Journal Clear entry Debit Credit View general journal > A
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 B Record the sale of equipment assuming Garcia sells the equipment for $49,100 cash. Transaction 1 C Note: Enter debits before credits. Record entry General Journal Clear entry Debit Credit View general journal > A
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