10 - Homework i Saved Help Save & Exit Check n QS 10-9 Disposal of assets LO P2 Garcia Co. owns equipment that cost $79,200, with accumulated depreciation of $42,000. Garcia sells the equipment for cash. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $48,800 cash, (2) $37,200 cash, and (3) $32,100 cash. View transaction list Journal entry worksheet 3 > Record the sale of equipment assuming Garcia sells the equipment for $48,800 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit