Global Enterprises Inc $\begin{array} { | c | r | r | } \hline \text { Cash } & 2,700 & \\\hline \text { Equipment } & & 2,700 \\\hline\end{array}$

Global Enterprises Inc. sold some fully amortized equipment for $2,700 cash. The equipment had been purchased for $26,500 and Global had an estimated useful life at eight years and residual value at $3,500. The journal entry to record the sale of the equipment is:

A) $\begin{array} { | c | r | r | } \hline \text { Cash } & 2,700 & \\\hline \text { Equipment } & & 2,700 \\\hline\end{array}$
B) $\begin{array} { | l | r | r | } \hline \text { Cash } & 2,700 & \\\hline \text { Accum. Amort.-Equipment } & 23,000 & \\\hline \text { Loss on Sale of Equipment } & 800 & \\\hline \text { Equipment } & & 26,500 \\\hline\end{array}$
C) $\begin{array} { | c | r | r | } \hline \text { Cash } & 2,700 & \\\hline \text { Loss on Sale of Equipment } & 800 & \\\hline \text { Equipment } & & 3,500 \\\hline\end{array}$
D) $\begin{array} { | c | r | r | } \hline \text { Cash } & 2,700 & \\\hline \text { Accum. Amort.-Equipment } & 23,800 & \\\hline \text { Equipment } & & 26,500 \\\hline\end{array}$