Instructions Chart of Accounts General Journal Instructions x Perfect Auto Rentals sold one of its cars on January 1, 2019. Perfect had acquired the car on January 1, 2017, for $20,700. At acquisition Perfect assumed that the car would have an estimated life of 3 years and a residual value of $3,000. Assume that Perfect has recorded straight-line depreciation expense for 2017 and 2018. Required: Prepare the journal entry to record the sale of the car assuming the car sold for (a) $8,900 cash, (b) 56,200 cash, and (c) $9,700 cash. The company recorded the car as equipment General Journal GENERAL JOURNAL WRCI VIROMEN BALANCE SHEET INCOME STATEMENT DATE ACCOUNT TITLE POST, REF DEBIT CREDIT ASSETS LIABILITIES EQUITY REVENUE EXPENSES NET INC 1 2 3 4 5 2 2 3 9 10 11