Garcia Co. owns equipment that costs $78,300, with accumulated depreciation of $44,800. 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. $33,500 cash C. $27,000 cash If an amount box does not require an entry, leave it blank. A. Cash 47,000 Accumulated Depreciation 44,800 Gain on Sale of Equipment Equipment 78,300 1112 13 1 B. Cash 33,500 Accumulated Depreciation 44,800 Equipment 78,300 C. Cash 27,000 44,800 Accumulated Depreciation Loss on Sale of Equipment Accounting numeric field II Equipment 78,300