Martinez owns machinery that cost $87,000 with accumulated depreciation of $40,000. The company sells the machinery for cash of $42,000. The journal entry to record the sale would include: O A debit to Accumulated Depreciation of $47,000. O A credit to Machinery of $47,000. A credit to Gain on Sale of $2,000. A credit to Accumulated Depreciation of $40,000. O A debit to Cash of $42,000.

Martinez owns machinery that cost $87,000 with accumulated depreciation of $40,000. The company sells the machinery for cash of $42,000. The journal entry to record the sale would include: A debit to Accumulated Depreciation of $47,000. A credit to Machinery of $47,000. A credit to Gain on Sale of $2,000. A credit to Accumulated Depreciation of $40,000. A debit to Cash of $42,000