Garcia Co. owns equipment that costs $78,300, with accumulated depreciation of $40,800. Garcia sells the equipment for cash. Record the journal entry for the sale of the equipment if Garcia were to sell the equipment for the following amounts: A. $47,000 cash B. $37,500 cash C. $30,000 cash If an amount box does not require an entry, leave it blank. А. С. B.
Garcia Co. owns equipment that costs $78,300, with accumulated depreciation of $40,800. Garcia sells the equipment for cash. Record the journal entry for the sale of the equipment if Garcia were to sell the equipment for the following amounts: A. $47,000 cash B. $37,500 cash C. $30,000 cash If an amount box does not require an entry, leave it blank. А. С. B.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Garcia Co. owns equipment that costs $78,300, with
A. $47,000 cash
B. $37,500 cash
C. $30,000 cash
If an amount box does not require an entry, leave it blank.
A. | fill in the blank 2 | fill in the blank 3 | |
fill in the blank 5 | fill in the blank 6 | ||
fill in the blank 8 | fill in the blank 9 | ||
fill in the blank 11 | fill in the blank 12 | ||
B. | fill in the blank 14 | fill in the blank 15 | |
fill in the blank 17 | fill in the blank 18 | ||
fill in the blank 20 | fill in the blank 21 | ||
C. | fill in the blank 23 | fill in the blank 24 | |
fill in the blank 26 | fill in the blank 27 | ||
fill in the blank 29 | fill in the blank 30 | ||
fill in the blank 32 | fill in the blank 33 |
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