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BMW 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.

BMW 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. Prepare the journal entry to record the disposal of the equipment if it was sold for cash in the amount of 15,000 on May 1, 2021.

Property, Plant & Equipment
Asset	Balance
Equipment	45,000
Accumulated depreciation, Equipment	22,000

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