Gaston owns equipment that cost $32,000 with accumulated depreciation of $22,400. Gaston sells the equipment for $8,600. Which of the following wouldnotbe part of the journal entry to record the disposal of the equipment?

Multiple Choice

• Debit Loss on Disposal of Equipment $1,000.
• Credit Equipment $32,000.
• Debit Cash $8,600.
• Debit Accumulated Depreciation $22,400.
• Credit Gain on Disposal of Equipment $1,000.