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5 Required Information [The following information applies to the questions displayed below.) Movelt Corporation is the world's leading express-distrib&tion company. In addition to its 643

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5 Required Information [The following information applies to the questions displayed below.) Movelt Corporation is the world's leading express-distrib&tion company. In addition to its 643 aircraft the company has more than 57.000 ground vehicles that pick up and deliver packages. Assume that Moveit sold a delivery truck for $19,000. Movelt had originally purchased the truck for $31,000 and had recorded depreciation for three years. 4. Prepare the journal entry to record the disposal of the truck, assuming that Accumulated Depreciation was (a) $12,000. (D) $7.000 and (0) $15,000. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 40 View transaction et Journal entry worksheet 1 2 3 > Record the sale of the truck that has an accumulated depreciation balance of $12,000 at the time of disposal, Debit Credit Note Enter bits before crets Transaction General Journal a Cash Accumulated Depreciation Equipment Equipment View transaction list eBook Print Journal entry worksheet 3 Record the sale of the truck that has an accumulated depreciation balance of $7,000 at the time of disposal. Note: Enter debits before credits Transaction General Journal Debit Credit Me Graw View transaction list Journal entry worksheet

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