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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 655
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 655 aircraft and 59,000 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 $ 39,000 23,900 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. $15,100 cash b. $17,200 cash c. $14,400 cash View transaction list Journal entry worksheet Record the disposal of the truck, assuming the truck was sold for $15,100 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general Journal
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