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QS 8-12 (Algo) Disposal of assets LO P2 Garcia Company owns equipment that cost $77,200, with accumulated depreciation of $41,000 Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $47.300 cash, (2) $36,200 cash, and (3) $31,100 cash View transaction lat Journal entry worksheet A B C Record the sale of equipment assuming Garcia sells the equipment for $47,300 cash. 1 Racard sndry General Journal Clear entry Debit Credit

QS 8-12 (Algo) Disposal of assets LO P2 Garcia Company owns equipment that cost $77,200, with accumulated depreciation of $41,000 Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $47.300 cash, (2) $36,200 cash, and (3) $31,100 cash View transaction lat Journal entry worksheet A B C Record the sale of equipment assuming Garcia sells the equipment for $47,300 cash. 1 Racard sndry General Journal Clear entry Debit Credit

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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QS 8-12 (Algo) Disposal of assets LO P2 Garcia Company owns equipment that cost $77,200, with accumulated depreciation of $41,000 Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $47.300 cash, (2) $36,200 cash, and (3) $31,100 cash View transaction t Journal entry worksheet B C A Record the sale of equipment assuming Garcia sells the equipment for $47,300 cash. Transaction 1 Racard entry General Journal Clear entry Debit Credit View general journal
Transcribed Image Text:QS 8-12 (Algo) Disposal of assets LO P2 Garcia Company owns equipment that cost $77,200, with accumulated depreciation of $41,000 Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $47.300 cash, (2) $36,200 cash, and (3) $31,100 cash View transaction t Journal entry worksheet B C A Record the sale of equipment assuming Garcia sells the equipment for $47,300 cash. Transaction 1 Racard entry General Journal Clear entry Debit Credit View general journal
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