Garcia Co. owns equipment that cost $77,200, with accumulated depreciation of $41,000. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $47,300 cash, (2) $36,200 cash, and (3) $31,100 cash.
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- Buchanan Imports purchased McLaren Corporation for $5,000,000 cash when McLaren had net assets worth $4,500,000. A. What is the amount of goodwill in this transaction? B. What is Buchanans journal entry to record the purchase of McLaren? C. What journal entry should Buchanan write when the company internally generates additional goodwill in the year following the purchase of McLaren?Farm Fresh Agriculture Company purchased Sunny Side Egg Distribution for $400,000 cash when Sunny Side had net assets worth $390,000. A. What is the amount of goodwill in this transaction? B. What is Farm Fresh Agriculture Companys journal entry to record the purchase of Sunny Side Egg Distribution? C. What journal entry should Farm Fresh Agriculture Company write when the company tests for impairment and determines that goodwill is worth $1,000 in the year following the purchase of Sunny Side?Garcia Company owns equipment that cost $84,000, with accumulated depreciation of $44,400. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $52,400 cash, (2) $39,600 cash, and (3) $34,500 cash. View transaction list Journal entry worksheet < A в с Record the sale of equipment assuming Garcia sells the equipment for $52,400 cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit
- Garcia Company owns equipment that cost $79,600, with accumulated depreciation of $42,200. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $49,100 cash, (2) $37,400 cash, and (3) $32,300 cash. View transaction list Journal entry worksheet A C Record the sale of equipment assuming Garcia sells the equipment for $49,100 cash. Note: Enter debits before credits. Transaction General Journal Debit Credi 1 Record entry Clear entry View generaGarcia Co. owns equipment that cost $84,800, with accumulated depreciation of $44,800. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $53,000 cash, (2) $40,000 cash, and (3) $34,900 cash. View transaction list Journal entry worksheet < A Record the sale of equipment assuming Garcia sells the equipment for $53,000 cash. в с Note: Enter debits before credits. Transaction 1 Record entry General Journal Clear entry Debit Credit View general journalGarcia Co. owns equipment that cost $76,800, with accumulated depreciation of $40,800. 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. View transaction list Journal entry worksheet B C > Record the sale of equipment assuming Garcia sells the equipment for $47,000 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 9:04 AM 3/28/2022 Fn Lock Insert Prt Sc F5 F6 F10 F11 F12 F8 F9 F4
- Garcia Co. owns equipment that cost $80,000, with accumulated depreciation of $42,400. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $49,400 cash, (2) $37,600 cash, and (3) $32,500 cash. View transaction list Journal entry worksheet A B > Record the sale of equipment assuming Garcia sells the equipment for $32,500 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 3 Record entry Clear entry View general journalGarcia Co. owns equipment that cost $80,000, with accumulated depreciation of $42,400. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $49,400 cash, (2) $37,600 cash, and (3) $32,500 cash. View transaction list Journal entry worksheet A B C > Record the sale of equipment assuming Garcia sells the equipment for $49,400 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journalGarcla Co. owns equlipment that cost $77,600, with accumulated depreclation of $41.200. Record the sale of the equipment under the following three separate cases assuming Garcla sells the equipment for (1) $47,600 cash. (2) $36,400 cash, and (3) $31.,300 cash. Vlew transaction Ilat Journal entry worksheet A Record the sale of equipment assuming Garcia sells the equipment for $47,600 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry Vlew general journal
- Garcia Co. owns equipment that cost $81,200, with accumulated depreciation of $43,000. Record the sale of the equipment under the following three separate cases assuming Garcia sells the equipment for (1) $50,300 cash, (2) $38,200 cash, and (3) $33,100 cash. View transaction list Journal entry worksheet A | B с Record the sale of equipment assuming Garcia sells the equipment for $50,300 cash. Note: Enter debits before credits. Transaction 1 Record entry General Journal Clear entry Debit Credit View general journal >Garcla Co. owns equipment that cost $82,400, with accumulated depreclation of $43,600. Record the sale of the equipment under the following three separate cases assuming Garcla sells the equipment for (1) $51,200 cash, (2) $38,800 cash, and (3) $33,700 cash. Vlew transaction lot Journal entry worksheet Record the sale of equipment assuming Garcia sells the equipment for $51,200 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry Vlew general JournalGarcia Co. owns equipment that cost $76,800, with accumulated depreciation of $40,800. 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. View transaction list Journal entry worksheet B C nces Record the sale of equipment assuming Garcia sells the equipment for $47,000 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 8:51 PM 3/27/2022 Insert Prt Sc F11 F12 Fn F8 F9 F10 Lock F6 F7 F2 F3 F4 F5 & 大