Liang and Cruz Deliveries is the world's leading express-distribution company. In addition to its 643 aircraft, the company has more than 57,000 ground vehicles that pick up and deliver packages. Assume that Liang and Cruz sold a delivery truck for $31,000. Liang and Cruz had originally purchased the vehicle and recorded it in the Truck account for $51,000 and had recorded depreciation for three years. E9-11 (Algo) Part 2 2. Using the following structure, indicate the effects (accounts, amounts, and + for increase and for decrease) of the disposal of the truck, assuming Accumulated Depreciation-Truck was (a) $20,000, (b) $16,000, and (c) $26,000. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Assets (a) Cash Liabilities TAccumulated Denreciation Truck 31.000 Liang and Cruz Deliveries is the world's leading express-distribution company. In addition to its 643 aircraft, the company has more than 57,000 ground vehicles that pick up and deliver packages. Assume that Liang and Cruz sold a delivery truck for $31,000. Liang and Cruz had originally purchased the vehicle and recorded it in the Truck account for $51,000 and had recorded depreciation for three years. E9-11 (Algo) Part 4 4. Prepare the journal entry to record the disposal of the truck, assuming Accumulated Depreciation -- Truck was (a) $20,000, (b) $16,000, and (c) $26,000. (If 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 sale of the truck that has an accumulated depreciation balance of $20,000 at the time of disposal. Liang and Cruz Deliveries is the world's leading express-distribution company. In addition to its 643 aircraft, the company has more than 57,000 ground vehicles that pick up and deliver packages. Assume that Liang and Cruz sold a delivery truck for $31,000. Liang and Cruz had originally purchased the vehicle and recorded it in the Truck account for $51,000 and had recorded depreciation for three years. E9-11 (Algo) Part 4 4. Prepare the journal entry to record the disposal of the truck, assuming Accumulated Depreciation- Truck was (a) $20,000. (b) $16,000, and (c) $26,000. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet