Gaston owns equipment that cost $31,000 with accumulated depreciation of $6200. Gaston sells the equipment...
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Accounting
- Gaston owns equipment that cost $31,000 with accumulated depreciation of $6200. Gaston sells the equipment for $22,300. Which of the following would not be part of the journal entry to record the disposal of the equipment?
Debit Loss on Disposal of Equipment $2500. Debit Accumulated Depreciation $6200. Credit Equipment $31,000. Credit Gain on Disposal of Equipment $2500. Debit Cash $22,300.
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