Remini Company sells equipment for $20,000 cash. The equipment has a historical cost of $87,000 and accumulated depreciation of $58,000. What is the jourmal entry to record the sale of the equipment? O A. debit Loss on Sale of Equipment for $9,000, debit Cash for $20,000, debit Accumulated Depreciation Equipment for $58,000 and credit Equipment for $87.000 B. debit Cash for S20.000, debit Accumulated Depreciation-Equipment fr S58.000 and credit Equipment for S78.000 O C. debit Cash for $20.000, debit Accumulated Depreciation Equipment for $58,000, debit Gain on Sale of Equipment $9,000 and credt Equipment for $87,000 D. debit Cash for $20,000 and credit Gain on Sale of Equipment for S20.000