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Macho Taco sold a food truck on March 1, 2017. The accounts showed adjusted balances on February 28, 2017, as follows: Food Truck $ 50,000

Macho Taco sold a food truck on March 1, 2017. The accounts showed adjusted balances on February 28, 2017, as follows:

Food Truck $ 50,000
Accumulated Depreciation, Food Truck 28,250

Required: Record the sale of the food truck assuming the cash proceeds were: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

a. $ 21,750 b. $ 25,600 c. $ 20,000 d. $ 0 (the food truck was scrapped).

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