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Leon's Company showed the following adjusted account balances on June 30, 2021: Property, Plant & Equipment Asset Balance Furniture 26,000 Accumulated depreciation, Furniture 21,000 Required:

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Leon's Company showed the following adjusted account balances on June 30, 2021: Property, Plant & Equipment Asset Balance Furniture 26,000 Accumulated depreciation, Furniture 21,000 Required: 1. Prepare the journal entry to record the disposal of the furniture if it was sold for cash in the amount of 4,000 on July 1, 2021. 1 A- TY F B I U X2 x2 Bo 0 Ile E General Journal Date Account Titles and Explanation Debit Credit 2021

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