Which of the Following Could Be a Correct Journal Entry

Multiple Choice

Which of the following could be a correct journal entry to record the disposition of equipment?

A) $$\begin{array} { | l | l | } \hline \text { Dr. } & \text { Accounts payable } \\\hline \mathrm { Cr } . & \text { Accumulated depreciation } \\\hline \mathrm { Cr } & \text { Depreciation expense } \\\hline\end{array}$$
B) $$\begin{array} { | l | l | } \hline \text { Dr. } & \text { Cash } \\\hline \text { Dr. } & \text { Loss on sale of equipment } \\\hline \text { Dr. } & \text { Accurnulated depreciation } \\\hline \text { Cr. } & \text { Equipment } \\\hline\end{array}$$
C) $$\begin{array} { | l | l | } \hline \text { Dr. } & \text { Gain on sale of equipment } \\\hline \text { Dr. } & \text { Accumulated depreciation } \\\hline \text { Cr. } & \text { Equipment } \\\hline\end{array}$$
D) $$\begin{array} { | l | l | } \hline \text { Dr. } & \text { Cash } \\\hline \text { Dr. } & \text { Loss on sale of equipment } \\\hline \mathrm { Cr } . & \text { Accumulated depreciation } \\\hline \mathrm { Cr } & \text { Equipment } \\\hline\end{array}$$