Bell Company sold a delivery truck on April 1, 2013. Swann had acquired the truck on January 1, 2009, for $28,700. At acquisition, Bell had estimated that the truck would have an estimated life of 5 years and a residual value of $5,200. At December 31, 2012, the truck had a book value of $9,900. Bell uses the straight-line method.
1a. Prepare any necessary journal entries to record the sale of the truck, assuming it sold for $10,575: For compound entries, if an amount box does not require an entry, leave it blank or enter "0".

1b. Prepare any necessary journal entries to record the sale of the truck, assuming it sold for $7,325: For compound entries, if an amount box does not require an entry, leave it blank or enter "0".

2. Assume that Bell uses IFRS and sold the truck for $10,575. In addition, Bell had previously recorded a revaluation surplus related to this machine of $3,900. What journal entries are required to record the sale? For compound entries, if an amount box does not require an entry, leave it blank or enter "0".

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Depreciation Depreciation Expense Accumulated Depreciation Cash Accumulated Depreciation Truck Gain on disposal of property, plan, and 0 0 Depreciation Dep reciation Expense Accumulated Depreciation Sale Cash S22222 0 Accumulated Depreciation equipment Truck 0 April 1Depreciation Expense Accumulated Depreciation April 1 Cash Accumulated Depreciation Truck Gain on disposal of property, plan, and equipment O 0 April 1 Revaluation Surplus 72? Retained Earnings