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Commonwealth Delvery is the world's leading express-distribution company. In addition to the world's largest fleet of all cargo alrcraft, the company has more than 668
Commonwealth Delvery is the world's leading express-distribution company. In addition to the world's largest fleet of all cargo alrcraft, the company has more than 668 alrcraft and 67,000 vehicles and trallers 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 19,000 33,600 Required: 1. Prepare the joumal entry for the disposal of the truck, assuming that the truck sold for: (If no entry is required for a transactionlevent, select "No journal entry required" in the first account field.) a. $15,400 cash b. $17,200 cash Journal entry worksheet 2 3 Record the disposal of the truck, assuming it sold for $15,400 cash. Note: Enter debits before credits Transaction 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 $17,200 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet 2 Record the disposal of the truck, assuming is sold for $13,900 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit C. Record entry Clear entry View general journal
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