Starmount Company Ltd B) C) D)

Starmount Company Ltd. sold an old copy machine for $3,200. The old copy machine cost $9,000 and had accumulated amortization totalling $6,500. The entry to record the sale is:

A) $\begin{array} { | c | r | r | } \hline \text { Cash } & 3,200 & \\\hline \text { Accum. Amort.-Office Equip. } & 6,500 & \\\hline \text { Office Equipment } & & 9,000 \\\hline \text { Gain on Sale of Office } & & \\\text { Equip. } & & 700\\\hline\end{array}$
B) $\begin{array} { | c | r | r | } \hline \text { Cash } & 3,200 & \\\hline \text { Loss on Sale of Office Equip. } & 5,800 & \\\hline \text { Office Equipment } & & 9,000 \\\hline\end{array}$
C) $\begin{array} { | c | r | r | } \hline \text { Cash } & 3,200 & \\\hline \text { Accum. Amort.-Office Equip. } & 6,500 & \\\hline \text { Office Equipment } & & 9,700 \\\hline\end{array}$
D) $\begin{array} { | c | r | r | } \hline \text { Cash } & 3,200 & \\\hline \text { Loss on Sale of Office Equip. } & 3,300 & \\\hline \text { Office Equipment } & & 6,500 \\\hline\end{array}$