A truck costing $62,000 has accumulated depreciation of $53,000. The truck is sold for $8,500. The journal entry to record this transaction is to: O A. debit Cash for $500, debit Truck for $62,000, credit Accumulated Depreciation - Truck for $53,000, and credit Gain on Disposal for $8,500. O B. debit Accumulated Depreciation - Truck for $53,000, and credit Truck for $53,000. O C. debit Cash for $8,500, debit Truck for $62,000, credit Accumulated Depreciation - Truck for $53,000 and credit Gain on Disposal for $17,500 OD. debit Cash for $8,500, debit Accumulated Depreciation - Truck for $53,000, debit loss on Disposal for $500, and credit Truck for $62,000