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Commonwealth Delivery is the world's leading express-distribution company. In addition to the worlds largest fleet of all cargo aircraft, the company has more than 663
Commonwealth Delivery is the world's leading express-distribution company. In addition to the worlds largest fleet of all cargo aircraft, the company has more than 663 aircraft and 56,000 vehicles and trailers that pick up and deliver packages. Assume that Commonwealth Delivery 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 Accumulated depreciation S 44,000 29,300 Required: 1. 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. a. S14,700 cash b. $16,600 cash c. S14,600 cash View transaction list Journal entry worksheet Record the disposal of the truck, assuming it sold for $14,700 cash. Note: Enter debits before credits. General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record the disposal of the truck, assuming that it sold for $16,600 cash Note: Enter debits before credits. Transaction General Journal Debit Credit b. Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the disposal of the truck, assuming is sold for $14,600 cash Note: Enter debits before credits. ransaction General Journal Debit Credit C. Record entry Clear entry View general journal
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