Global Enterprises Inc. sold some fully amortized equipment for $2,700 cash. The equipment had been purchased for $26,500 and Global had an estimated useful life at eight years and residual value at $3,500. The journal entry to record the sale of the equipment is: OA Cash Accum. Amort.-Equipment 2,700 23,000 Loss on Sale of Equipment Equipment 800 26,500 OB. Cash 2,700 Accum. Amort.-Equipment 23,800 Equipment 26,500 OC. Cash 2,700 Equipment 2,700 OD. Cash 2,700 Loss on Sale of Equipment 800 Equipment 3,500