A County Government Sold Two of Its Emergency Vehicles for a Total

A county government sold two of its emergency vehicles for a total of $35,000. The vehicles had a collective net book value of $46,000 total original cost = $150,000; accumulated depreciation = $104,000. The entry that would be made in the General Fund at the time of the transaction would be $\begin{array}{|l|l|l|l|}\hline&&\text { Debit } & \text { Credit }\\\hline\text { A.}&\text { Cash } & \$ 35,000 \\&\quad \text { Capital Contribution }&& \$ 35,000 \\\hline\text { B.}& \text { Cash } & \$ 35,000 \\&\text { Other Financing Sources }- \text { Sale of Capital Assets }&& \$ 35,000 \\\hline\text {C.}&\text { Cash } & \$ 35,000 & \\&\text { Accumulated Depreciation } & 104,000 & \\&\text { Loss on Sale of Capital Assets } & 11,000 & \\&\quad \text { Capital Assets -- Vehicles } & & \$ 150,000 \\\hline\text {D.}& \text { Cash } & \$35,000 & \\&\text { Loss on Sale of Capital Assets } & 11,000 \\&\text { Other Financing Sources - Sale of Capital Assets }&&\$46,000\\\hline\end{array}$