QS 8-9 Disposal of assets LO P2 Garcia Co. owns equipment that cost $76,800, with accumulated depreciation of $40,800. Garcia sells the (2) $36,000 cash, and (3) $31,000 cash. equipment for cash. the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for () $47000 ca Journal entry worksheet Record the sale of equipment assuming Garcia sells the equipment for $47,000 cash. Transaction Debit