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.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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.

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
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.
Transcribed Image Text: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.
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