Miley Enterprises sold equipment on January 1, 2014 for ₤5,000. The equipment had cost ₤33,000. The balance in Accumulated Depreciation at January 1 is ₤30,000. What entry would Robot make to record the sale of the equipment?

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The Answer of Miley Enterprises sold equipment on January 1, 2014 for ₤5,000. The equipment had cost ₤33,000. The balance in Accumulated Depreciation at January 1 is ₤30,000. What entry would Robot make to record the sale of the equipment?

Miley Enterprises Sold Equipment on January 1, 2014 for ₤5,000