E8-14 Recording the Disposal of an Asset and Financial Statement Effects L08-5 FedEx Corporation is a global leader in express distribution. It has the world's largest fleet of all-cargo aircraft and thousands of vehicles and trailers to pick up and deliver packages. Assume that FedEx sold a small delivery truck that had been used in the business for three years. The records of the company reflect the following: Delivery truck Accumulated depreciation $ 26,850 21,280 Required: 1. Prepare the journal entry to record the disposal of the truck and the related transaction effects, assuming that the sales price was (a) $5,570, (b) $6,150, or (0) $5,340. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 > Record the disposal of the truck assuming that the sales price was $5,570. Note: Enter debits before credits. Transaction General Journal a. Debit Credit Record entry Clear entry View general journal