QS 8-10 (Algo) Disposal of assets LO P2 Garcia Co. 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. Answer is not complete. No Transaction General Journal Debit Credit 1 Cash Accumulated depreciation Equipment 48,800 42,000 00 B 2 Cash Accumulated depreciation Equipment 37,200 42,000 c 3 Cash Accumulated depreciation 30 32.100 42,000