Gaston owns equipment that cost $31,000 with accumulated depreciation of $18,600. Gaston sells the equipment for $11,200.

Fantastic news! We've Found the answer you've been seeking!

Question:

image text in transcribed

Gaston owns equipment that cost $31,000 with accumulated depreciation of $18,600. Gaston sells the equipment for $11,200. Which of the following would not be part of the journal entry to record the disposal of the equipment? Multiple Choice Debit Accumulated Depreciation $18,600. Credit Equipment $31,000. Debit Loss on Disposal of Equipment $1,200. Credit Gain on Disposal of Equipment $1,200. Debit Cash $11,200