Equipment costing $ with a book value of $ is sold for $ Which journal entry is used to record the sale?
A debit Cash for $ debit Accumulated Depreciation Equipment for $ and credit Equipment for $
B debit Cash for $ debit Accumulated Depreciation Equipment for $ debit Loss on Sale of Equipment for $ and credit Equipment for $
C debit Cash for $ and credit Equipment for $
D debit Cash for $ debit Accumulated Depreciation Equipment for $ credit Equipment for $ and credit Gain on Sale of Equipment for $
