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QS 8-12 (Algo) Disposal of assets LO P2 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 (i) $48,800 cash, (2) $37,200 cash, and (3)$32,100 cash. Journal entry worksheet Record the sale of equipment assuming Garcia sells the equipment for $48,800 cash. Notes Enter debits before credits. S 8-12 (Algo) Disposal of assets LO P2 arcia Company owns equipment that cost $79,200, with accumulated depreciation of $42,000. ecord the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $48,800 cash, $37,200 cash, and (3)$32,100 cash. Journal entry worksheet Record the sale of equipment assuming Garcia sells the equipment for $37,200 cash. Note: Enter debits before credits. Sarcia 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 Record the sale of equipment assuming Garcia sells the equipment for $32,100 cash. Note: Enter debits before credits