Garcia Company 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.

Journal entry worksheet

A

B

C

Record the sale of equipment assuming Garcia sells the equipment for $$49,700$ cash.