pack Corporation sold equipment for $11,000 on June 30, 20X1. acquisition cost of the equipment was $40,000 and the accumulated depreciation at the time e sale was $32,000. journal entry to record the sale of the equipment would include a: st one: a. Debit to Loss on Sale of Equipment for $8,000 b. Credit to Gain on Sale of Equipment for $3,000 c. Debit to Gain on Sale of Equipment for $3,000 d. Debit to Loss on Sale of Equipment for $3,000 e. Credit to Loss on Sale of Equipment for $5,000