MoveIt Corporation is the worlds 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 MoveIt sold a delivery truck for $27,000. MoveIt had originally purchased the vehicle and recorded it in the Truck account for $45,000 and had recorded depreciation for three years.

Prepare the journal entry to record the disposal of the truck, assuming Accumulated Depreciation--Truck was (a) $18,000, (b) $12,000, and (c) $21,000. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

-Record the sale of the truck that has an accumulated depreciation balance of $18,000 at the time of disposal.

-Record the sale of the truck that has an accumulated depreciation balance of $12,000 at the time of disposal.

-Record the sale of the truck that has an accumulated depreciation balance of $21,000 at the time of disposal.

Transaction	General Journal	Debit	Credit
a