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 cashB. $37,500 cashC. $30,000 cashIf an amount box does not require an entry, leave it blank.A. fill in the blank 2fill in the blank 3 fill in the blank 5fill in the blank 6 fill in the blank 8fill in the blank 9 fill in the blank 11fill in the blank 12B. fill in the blank 14fill in the blank 15 fill in the blank 17fill in the blank 18 fill in the blank 20fill in the blank 21C. fill in the blank 23fill in the blank 24 fill in the blank 26fill in the blank 27 fill in the blank 29fill in the blank 30 fill in the blank 32fill 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 ofthe equipment if Garcia were to sell the equipment for the following amounts:A. $47,000 cashB. $37,500 cashC. $30,000 cashIf an amount box does not require an entry, leave it blank.А.С.B.

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Description: 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,

1. Cost of Equipment= 78300 2. Accumulated Depreciation on equipment= 40800 3. Book value of…

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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. 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.

Principles of Accounting Volume 1

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ISBN:9781947172685

Author:OpenStax

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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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Garcia Co. owns equipment that costs $76,800, with accumulated depreciation of $40,800. Garciasells the equipment for cash. Record the journal entry for the sale of the equipment if Garcia were to sell theequipment for the following amounts:A. $47,000 cashB. $36,000 cashC. $31,000 cash
Garcia Co. owns equipment that costs $76,800, 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. $36,000 cash C. $31,000 cash
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