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June Company Ltd. recently sold some used furniture for $3,800 cash. The furniture cost $19,600 and had accumulated amortization through the date of sale totalling

June Company Ltd. recently sold some used furniture for $3,800 cash. The furniture cost $19,600 and had accumulated amortization through the date of sale totalling $17,300. The journal entry to record the sale of the furniture is:

A)

Cash

3,800

 

Accum. Amort.-Furniture

17,300

 

        Furniture

 

19,600

        Gain on Sale of Furniture

 

1,500

 

B)

Cash

3,800

 

         Furniture

 

3,800

 

C)

Cash

3,800

 

         Gain on Sale of Furniture

 

3,800

 

D)

Cash

3,800

 

Accum. Amort.-Furniture

15,800

 

        Furniture

 

19,600

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