Garcia Co. owns equipment that cost $80,400, with accumulated depreciation of $42,600. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $49,700 cash, (2) $37,800 cash, and (3) $32,700 cash. View transaction list Journal entry worksheet Record the sale of equipment assuming Garcia sells the equipment for $37,800 cash. Note: Enter debits before credits. General Journal Debit Credit Transaction 2 Record entry Clear entry View general Journal Garcia Co. owns equipment that cost $80,400, with accumulated depreciation of $42,600. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $49,700 cash, (2) $37,800 cash, and (3) $32,700 cash. View transaction list Journal entry worksheet Record the sale of equipment assuming Garcia sells the equipment for $32,700 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 3 Record entry Clear entry View general Journal