Martinez owns machinery that cost $87,000 with accumulated depreciation of $40,000. The company sells the machinery for cash of $46,000. The journal entry to record the sale would include:

Select one:

a. A credit to loss on Sale of $1,000.

b. A credit to Cash of $46,000.

c. All answers are wrong.

d. A credit to Accumulated Depreciation of $40,000.