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Fast Delivery is the world's largest express transportation company. In addition to the world's largest fleet of all-cargo aircraft, the company has more than 670
Fast Delivery is the world's largest express transportation company. In addition to the world's largest fleet of all-cargo aircraft, the company has more than 670 aircraft and 67,000 vehicles and trailers that pick up and deliver packages. Assume that Fast 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 Required: $ 39,000 24,200 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. $14,800 cash b. $17,000 cash c. $13,100 cash View transaction list Journal entry worksheet 1 2 3 Record the disposal of the truck, assuming the truck was sold for $14,800 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Journal entry worksheet < 1 3 Record the disposal of the truck, assuming that the truck was sold for $17,000 cash. Note: Enter debits before credits. Transaction b. General Journal Debit Credit Journal entry worksheet 1 2 Record the disposal of the truck, assuming the truck was sold for $13,100 cash. Note: Enter debits before credits. Transaction C. General Journal Debit Credit Record entry Clear entry View general journal
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