IRANSAC IION ANALYSIS: Jensen Corp. is a biopharmaceutical company that develops and commercializes products targeting the endocrinology, dermatology, and drug delivery markets.

Transaction $1$C $-$ December $31,2017$: On December $31,2017$ the Accumulated Depreciation account had balance of $$12,000.$ On December $31,2017$ Jensen Company sold the vacuum pump for $$19,000$ cash. Give all journal entries related to the disposal of the vacuum pump.

Q$25.$ Indicate the account title to be debited by $$12,000.$

A$.$ Acct Receivable

B$.$ Accumulated Depreciation $($Equipment$)$

C$.$ Cash

D$.$ Loss on Asset Disposal

E$.$ None