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Garcia Company owns equipment that cost $83,600, with accumulated depreciation of $44,200.    Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $52,100 cash, (2) $39,400 cash, and (3) $34,300 cash. Journal entry worksheet 1. Record the sale of equipment assuming Garcia sells the equipment for $52,100 cash. 2. Record the sale of equipment assuming Garcia sells the equipment for $39,400 cash. 3. Record the sale of equipment assuming Garcia sells the equipment for $34,300 cash.

Garcia Company owns equipment that cost $83,600, with accumulated depreciation of $44,200.    Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $52,100 cash, (2) $39,400 cash, and (3) $34,300 cash. Journal entry worksheet 1. Record the sale of equipment assuming Garcia sells the equipment for $52,100 cash. 2. Record the sale of equipment assuming Garcia sells the equipment for $39,400 cash. 3. Record the sale of equipment assuming Garcia sells the equipment for $34,300 cash.

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 $83,600, with accumulated depreciation of $44,200.
  
Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $52,100 cash, (2) $39,400 cash, and (3) $34,300 cash.

Journal entry worksheet

1. Record the sale of equipment assuming Garcia sells the equipment for $52,100 cash.

2. Record the sale of equipment assuming Garcia sells the equipment for $39,400 cash.

3. Record the sale of equipment assuming Garcia sells the equipment for $34,300 cash.

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