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Hi please help me make a journal entry, thank you! FedEx Corporation is a global leader in express distribution. It has the world's largest fleet
Hi please help me make a journal entry, thank you!
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: Required: 1. Prepare the journal entry to record the disposal of the truck and the related transaction effects, assuming that the sales price was ( $5,810, (b) $6,540, or (c) $5,650. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 1 Record the disposal of the truck assuming that the sales price was $5,810. 810. 2 Record the disposal of the truck assuming that the sales price was $6,540. 3 Record the disposal of the truck assuming that the sales price was $5,650Step by Step Solution
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