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Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $47,000 cash. (2) $36,000 cash,
Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $47,000 cash. (2) $36,000 cash, and (3) $31,000 cash. No A Transaction 1 Cash Answer is not complete. General Journal Debit Credit 47,000 Accumulated depreciation Gain on sale of equipment B 2 Cash Accumulated depreciation C 3 Cash Accumulated depreciation 00 00 36,000 31,000
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