QUESTION 20 Remini Company seis equipment for $20,000 cash. The equipment has a historical cost of $89,000 and accumulated depreciation of $57,000. What is the journal entry to record the sale of the equipment? O debit Loss on Sale of Equipment for $12.000, debit Cash for $20,000, debit Accumulated Depreciation - Equipment for $57,000 and credit Equipment for $89,000 O debit Cash for $20,000, debit Accumulated Depreciation Equipment for $57,000 and credit Equipment for $77,000 debit Cash for $20,000, debit Accumulated Depreciation Equipment for $67.000, debit Gain on Sale of Equipment $12,000 and credit Equipment for $89,000 debit Cash for $20,000 and credit Gain on Sale of Equipment for $20,000