QS $8-12($Algo$)$ Disposal of assets LO P$2$

Garcia Company owns equipment that cost $$82,800,$ with accumulated depreciation of $$43,800.$

$\frac{?}{11\mathrm{.}12}$

ts awarded

Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for $(1)$ $$51,500$ cas $(2)$ $$39,000$ cash, and $(3)$ $$33,900$ cash.

$\backslash$table$[[$No$,$Transaction,General Journal,Debit,Credit$],[$A$,1,$Cash,$51,500,],[,$Accumulated depreciation$-$Equipment,$43,800,],[,$Equipment,,$82,800],[,$Gain on sale of equipment,$*,12,500],[$B$,2,$Cash,$39,000,],[,$Accumulated depreciation$-$Equipment,$43,800,],[,$Loss on sale of equipment,$400,ox$