Stout Corp. sold some fully amortized equipment for $2,600 cash. The equipment had been purchased for $26,500 and Stout Corp. had estimated the useful life at 8 years and residual value at $3,500. The journal entry to record the sale of the equipment will include a: 0 A. credit to Equipment for $2,700 B. C. 0 D. credit to Accumulated Depreciation for $23,000 debit to Loss on Sale of Equipment for $900 credit to Equipment for $3,500