E8-16 Recording the Disposal of an Asset at Three Different Sale Prices L08-5 Commonwealth Delivery is the world's leading express-distribution company. In addition to the world's largest fleet of all cargo aircraft, the company has more than 671 aircraft and 55,000 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 $ 53,000 38,100 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. $14,900 cash b. $17,100 cash c. $14,400 cash c. $14,400 cash View transaction list Journal entry worksheet Record the disposal of the truck, assuming it sold for $14,900 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal b. $17,100 cash c. $14,400 cash View transaction list x 1 Record the disposal of the truck, assuming it sold for $14,900 cash. 2 Record the disposal of the truck, assuming that it sold for $17,100 cash. 3 Record the disposal of the truck, assuming is sold for $14,400 cash. Credit Note : = = journal entry has been entered