the city of shiloh sold a used police car. the police car had a historical cost of $17,000, a fair value of $12,000, and was sold for $5,000. assuming that the city maintains its books and records in a manner to facilitate the preparation of the fund financial statements, what is the appropriate entry in the general fund to record this sale? debit cash $5,000; credit revenue $5,000. debit cash $5,000 and loss on sale $7,000; credit automotive equipment $12,000. debit cash $5,000; credit other financing sources sale of asset $5,000. debit cash $5,000; credit automotive equipment $5,000.