3 journal entries

FedEx is the world's leading express-distribution company. In addition to the world's largest fleet of all-cargo aircraft, the company has more than 650 aircraft and 55,000 vehicles and trailers that pick up and deliver packages. Assume that FedEx sold a delivery truck that had been used in the business for three years. The records of the company reflected the following: Delivery truck cost $ 35,000 Accumulated depreciation 23,000 Prepare the journal entry for the disposal of the truck, assuming that the truck sold for: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) $12,000 cash $12, 400 cash $11, 500 cash