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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

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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 527,350 23,330 Required: 1. Prepare the journal entry to record the disposal of the truck and the related transaction effects, assuming that the sales price was $4,020. (b) $4.660, or (a $3,680. Of 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 $4,020, Notenter debits before credits Det Credo Transaction General Journal Accounts receivable Cash rece Journal entry worksheet 2 Record the disposal of the truck assuming that the sales price was $4,560, Note: Enter debits before credits Transaction General Journal Debit b Credit Accounts payable Accounts receivable Accumulated depreciation Cash Delivery truck Recorder View general journal Journal entry worksheet

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