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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. 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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