Garcia Company owns equipment that cost $79,600, withaccumulated depreciation of $42,200.Record the sale of the equipment under the followingthree separate cases assuming Garcia sells the equipmentfor (1) $49,100 cash, (2) $37,400 cash, and (3) $32,300cash.View transaction listJournal entry worksheet< AВCRecord the sale of equipment assuming Garcia sells the equipment for $37,400cash.Note: Enter debits before credits.TransactionGeneral JournalDebitCrediRecord entryClear entryView genera Garcia Company owns equipment that cost $79,600, withaccumulated depreciation of $42,200.Record the sale of the equipment under the followingthree separate cases assuming Garcia sells the equipmentfor (1) $49,100 cash, (2) $37,400 cash, and (3) $32,300cash.View transaction listJournal entry worksheetACRecord the sale of equipment assuming Garcia sells the equipment for $49,100cash.Note: Enter debits before credits.TransactionGeneral JournalDebitCredi1Record entryClear entryView genera

Formulas: Gain (loss) on sale of Equipment = Sales value of the Equipment - Net book value of the…

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

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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