QS 10-9 Disposal of assets LO P2 Garcia Co. owns equipment that cost $81,600, with accumulated depreciation of $43,200. Garcia sells the equipment for cash. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) 550,600 cash (2) $38,400 cash, and (3) $33,300 cash. View transaction list Journal entry worksheet Record the sale of equipment assuming Garcia sells the equipment for $50,600 cash. Note: Enter debits before credits General Journal Credit Transaction Record entry Clear entry View general journal