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A truck that cost $40,000 and on which $30,000 of accumulated depreciation had been recorded was disposed of on July 1, the following assumptions: first

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A truck that cost $40,000 and on which $30,000 of accumulated depreciation had been recorded was disposed of on July 1, the following assumptions: first day of the new fiscal year. Prepare entries in journal form (without explanation) to record the disposal under each of the a. It was discarded as having no value. b. It was sold for $7,200 cash. C. It was sold for $13,500 cash. If an amount box does not require an entry, leave it blank. Show your work. (6 Pts) GENERAL JOURNAL page 1 DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT lla. 2 2 3 4 4 5 6. UI 6 6 7 8

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