Garcia Company owns equipment that cost $$78,000,$ with accumulated depreciation of $$41,400.$

Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for

$(1)$ $$47,900$ cash,

$(2)$ $$36,600$ cash, and

$(3)$ $$31,500$ cash.

Journal entry worksheet

A

B

C

Record the sale of equipment assuming Garcia sells the equipment for $$47,900$ cash.

Note: Enter debits before credits.

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