Gaston owns equipment that cost $39,000 with accumulated depreciation of $31,200. Gaston sells the equipment for $7,000. Which of the following would not be part of the journal entry to record the disposal of the equipment?

Multiple Choice

• Credit Gain on Disposal of Equipment $800.

• Debit Accumulated Depreciation $31,200.

• Credit Equipment $39,000.

• Debit Cash $7,000.

• Debit Loss on Disposal of Equipment $800.