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  3. equipment costing $24,400 with a book value of $9,

Equipment costing $24,400 with a book value of $9,700 is sold for $6,800. Which journal...

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Accounting

Equipment costing $24,400 with a book value of $9,700 is sold for $6,800. Which journal entry is used to record the sale?
q,
A. debit Cash for $6,800, debit Accumulated Depreciation - Equipment for $17,600 and credit Equipment for $24,400
B. debit Cash for $6,800, debit Accumulated Depreciation - Equipment for $14,700, debit Loss on Sale of Equipment for $2,900 and credit Equipment for $24,400
C. debit Cash for $6,800 and credit Equipment for $6,800.
D. debit Cash for $6,800, debit Accumulated Depreciation - Equipment for $14,700, credit Equipment for $9,700 and credit Gain on Sale of Equipment for $11,800
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