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Help Save & Exts Garcia Co. owns equipment that cost $81,600, with accumulated depreciation of $43,200. Record the sale of th
Record the sale of equipment assuming Garcia sells the equipment for $38,400 cash.
Record the sale of equipment assuming Garcia sells the equipment for $33,300 cash. Note: Enter debits before credits. Transac
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Answer #1
1 Cash 50,600
Accumulated Depreciation - Equipment 43,200
Gain on sale of equipment 12,200
Equipment 81,600
2 Cash 38,400
Accumulated Depreciation - Equipment 43,200
Equipment 81,600
3 Cash 33,300
Accumulated Depreciation - Equipment 43,200
Loss on sale of equipment 5,100
Equipment 81,600
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