Foley Airways purchased a baggage-handling truck for $52,000. Suppose Foley Airways sold the truck on December 31, 2016, for $48,000 cash, after using the truck for five full years and accumulating depreciation of $29,000. Make the journal entry to record Foley Airways' sale of the truck. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit Dec 31, 2016