Kelly Petroleum Products Owns Furniture That Was Purchased for $19,600

Kelly Petroleum Products owns furniture that was purchased for $19,600. Accumulated depreciation is $17,300. The furniture was sold for $3,800. Which of the following is the correct entry to record the transaction?

A)
$$\begin{array} { | l | l | l | l | } \hline \text { Accumulated depreciation } & & 17,300 & \\\hline \text { Cash } & & 3,800 & \\\hline & \text { Gain on sale of furniture } & & 1,500 \\\hline & \text { Furniture } & & 19,600 \\\hline\end{array}$$
B)
$$\begin{array} { | l | l | l | l | } \hline \text { Accumulated depreciation } & & 17,300 & \\\hline \text { Cash } & & 3,800 & \\\hline & \text { Furniture } & & 31,100 \\\hline\end{array}$$
C)
$$\begin{array} { | l | l | l | l | } \hline \text { Furniture } & & 19,600 & \\\hline \text { Gain on sale of furniture } & & 3,800 & \\\hline & \text { Cash } & & 2,700 \\\hline & \text { Accumulated depreciation } & & 17,300 \\\hline\end{array}$$
D)
$$\begin{array} { | l | l | l | l | } \hline \text { Furniture } & & 19,600 & \\\hline \text { Cash } & & 2,700 & \\\hline & \text { Gain on sale of furniture } & & 5,000 \\\hline & \text { Accumulated depreciation } & & 17,300 \\\hline\end{array}$$