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
Chapter11: Long-term Assets
Section: Chapter Questions
Problem 12PA: Garcia Co. owns equipment that costs $76,800, with accumulated depreciation of $40,800. Garcia sells...
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F23bd4a69-1fc4-4ab7-a754-b46ed29207ab%2F4a4cafe2-7130-44ab-9b94-14d8cffca681%2Fdiysqyj_processed.png&w=3840&q=75)
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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