Question
Bently showed the following adjusted account balances on April 30, 2021: Property, Plant & Equipment Asset Balance Equipment 45,000 Accumulated depreciation, Equipment 22,000 Required: 1.
Bently showed the following adjusted account balances on April 30, 2021:
| Asset | Balance |
|---|---|
| Equipment | 45,000 |
| Accumulated depreciation, Equipment | 22,000 |
Required:
1. Prepare the journal entry to record the disposal of the equipment if it was sold for cash in the amount of 26,000 on May 1, 2021.
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Management Accounting
Authors: John Burns, Martin Quinn, Liz Warren, João Oliveira
1st Edition
0077121619, 978-0077121617
