Remini Company sells equipment for$ 20 comma 000$20,000

cash. The equipment has a historical cost of$ 89 000and accumulated depreciation of

$51,000.What is the journal entry to record the sale of the equipment?

A.debit Loss on Sale of Equipment for$18,000 ,debit Cash for$20,000 ,

debit Accumulated Depreciation-Equipment for$51,000and credit Equipment for$89,000.

B.

debit Cash for$20,000and credit Gain on Sale of Equipment for$20,000.

C.

debit Cash for$20,000 ,debit Accumulated Depreciation-Equipment for$51,000 ,debit Gain on Sale of Equipment$18,000

and credit Equipment for$89,000.

D.

debit Cash for$20,000 ,debit Accumulated Depreciation-Equipment for$51,000and credit Equipment for$71,000.