17 A truck costing $56,000 has accumulated depreciation of $45,000. The truck is sold for $8,500. The journal entry to record this transaction is to debit Accumulated Depreciation-Truck for $45,000, and credit Truck for $45,000 debit Cash for $8,500, debit Accumulated Depreciation-Truck for $45,000, debit loss on Disposal for $2,500, and credit Truck for $56,000. debit Cash for $2.500, debit Truck for $56,000, credit Accumulated Depreciation-Truck for $45,000, and credit Gain on Disposal for $8,500. debit Cash for $8,500, debit Truck for $56,000, credit Accumulated Depreciation-Truck for $45,000 and credit Gain on Disposal for $19,500. QUESTION 18 Dali's Timepieces had the following inventory data Date July 1 Beginning inventory July 4 Purchase July 7 Sale July 11 Purchase July 14 Sale Quantity Unit Cost 5 $49 10 $57 12 9 $54 8 Assuming average cost, what is the cost of goods sold for the July 7 sale? (Round any intermediary calculations to the nearest cent and round your final answer to the nearest dollar) 5644 $652 5668 $636