Garcia Company owns equipment that cost $$79,200,$ with accumulated depreciation of $$42,000.$

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.

Journal entry worksheet

A

C

Record the sale of equipment assuming Garcia sells the equipment for $$48,800$ cash.

Note: Enter debits before credits.

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