Hello,

Could you please help me with the assignment?

Thanks,

Gaston owns equipment that cost $31,000 with accumulated depreciation of $6,200. Gaston sells the equipment for $22,300. Which of the following would not be part of the journal entry to record the disposal of the equipment? Multiple Choice Credit Equipment $31,000. Debit Loss on Disposal of Equipment $2,500. Debit Accumulated Depreciation $6,200. Debit Cash $22,300 O O Credit Gain on Disposal of Equipment $2,500