Gaston owns equipment that cost $34,000 with accumulated depreciation of $17,000. Gaston asks $16,800 for...
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Accounting
Gaston owns equipment that cost $34,000 with accumulated depreciation of $17,000. Gaston asks $16,800 for the equipment but sells the equipment for $15,300. Which of the following would not be part of the journal entry to record the disposal of the equipment?
Debit Accumulated Depreciation $17,000
Debit Loss on Disposal of Equipment $1,700
Debit Cash $15,300
Credit Equipment $34,000
Credit Gain on Disposal of Equipment $1,700
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