Gaston owns equipment that cost $32,000 with accumulated depreciation of $25,600. Gaston asks $7,300 for the equipment but sells the equipment for $5,800. Which of the following would not be part of the journal entry to record the disposal of the equipment?
a Debit Accumulated Depreciation $25,600.
b Credit Equipment $32,000.
c Debit Loss on Disposal of Equipment $600.
d Credit Gain on Disposal of Equipment $600.
e Debit Cash $5,800.