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19. Sold old delivery truck for $10,000 cash. At the time of purchase, the company paid $40,000 for the truck. To date, the company

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19. Sold old delivery truck for $10,000 cash. At the time of purchase, the company paid $40,000 for the truck. To date, the company as accumulated $25,000 of depreciation. Prepare journal entries for 1) the original acquisition of the truck, 2) the accumulated depreciation of the truck, and 3) the sale of the truck. 20. Paid monthly bank loan payment to Money Grubber Bank, $5,325. $4,000 of the payment is for principal repayment and the balance is for accrued interest. 21. Paid for routine maintenance on delivery truck, $775. 22. Advanced (ie., lent) $2,000 of cash to employee who had unpaid medical bills. Employee will pay off balance with equal payments of $200 over the next 10 months. No interest is charged to the employee. 23. Purchased a 40% interest in ABC Company for $250,000 cash. 24. Received rent payment for tenant who sublets extra space in our building, $1,000. 25. Customer returned $600 of defective merchandise. The merchandise cannot be resold. The customer previously paid for this merchandise.

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