Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. bmw showed the following adjusted account balances

BMW showed the following adjusted account balances on April 30, 2021: Property, Plant &...

70.2K

Verified Solution

Question

Accounting

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.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Algebra
1.2K views

Consider the following homogeneous system of equations,x-y+u=0y + 2z-v=0x+y+u+2v = 0a) Find the basic solutions...

Basic Math
1.2K views

Derivatives of Exponential Functions (Scenario) Consider the following problem: Suppose that F(x) computes the rabbit population on a...

Finance
1.2K views

How do you use a companies income and balance sheet to calculate a companies operating cash...

Psychology
1.2K views

Looking for effective articles or books for religions ? (Animism)

Biology
1.2K views

a Noun b Adjective c Adverb d Neither 13 To give to others is the...

Physics
1.2K views

When a piece of non metal and a metal are dropped from the same height...

Physics
1.2K views

For an ideal gas the heat capacity at constant pressure is larger than than that...

Calculus
1.2K views

a Sketch the given directed line segment b Write the vector in component form c...

Calculus
1.2K views

The function graphed to the right is of the form y a sec bx c...

Algebra
1.2K views

3 Which graph below is a tree graph IN O X

Algebra
1.2K views

The graph of f x is shown 5 O 4 0 2 O 2 0...

Accounting
1.2K views

ASSIGNMENT #3: Cost-Volume-Profit Analysis Parker's sales of its gas grills slumped badly in...