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journal entry options are- accumulated depreciation, cash, depreciation expense, equipment, gain on...

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Accounting

journal entry options are- accumulated depreciation, cash, depreciation expense, equipment, gain on disposal of property plant and equipment, and loss on disposal of property plant and equipment
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Disposal of fixed Asset Perfect Auto Rentals sold obe of its cars on January 1. Perfect had acquired the car 2 vears earlier for $13,500. At acquisition, Perfect assumed that the car would have an estimated life of 3 years and a residual value of $3,000. Assume that Perfect had properiy used the straight-line depreclation method in previous years. Required: Frepare the journal entry to record the sale of the car assuming the car sold for (a) $6,500 cash, ( 0 ) \$4,000 cash, and (c) \$7,200 cash, The company recorded the car as equipment. If an amount box does not require an entry, leave it blank

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