Gaston owns equipment that cost $17,000 with accumulated depreciation of $6,800. Gaston asks $14,200 for the equipment but sells the equipment for $9,200. Which of the following would not be part of the journal entry to record the disposal of the equipment?
a. Debit Accumulated Depreciation $61,000.
b. Credit Equipment $90,500. Debit Loss on Disposal of Equipment $3,500.
c. Credit Gain on Disposal of Equipment $3,500.
d. Debit Cash $6,000.
Answers: 3
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Gaston owns equipment that cost $17,000 with accumulated depreciation of $6,800. Gaston asks $14,200...
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