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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 669
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 669 aircraft and 51,000 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 $ 46,000 30,600 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. $15,400 cash b. $16,500 cash c. $12,900 cash View transaction list Journal entry worksheet Record the disposal of the truck, assuming the truck was sold for $15,400 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal Journal entry worksheet Record the disposal of the truck, assuming the truck was sold for $12,900 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit C. Record entry Clear entry View general journal
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