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ns Wildhorse Corporation would like to purchase a new truck, but the dealer will not accept Wildhorse's old truck as a trade-in on purchase. Wildhorse
ns Wildhorse Corporation would like to purchase a new truck, but the dealer will not accept Wildhorse's old truck as a trade-in on purchase. Wildhorse looked up the value of its old truck on Auto Trader and found that it had a fair value of $15,000. After recording depreciation on the old truck to the date of sale, Wildhorse sold its used truck for $15.390 cash. The carrying amount of the old truck is $18,110 and it was originally purchased for $42,270. Support Prepare the appropriate journal entry for the disposal of the truck. (Credit account titles are auton tically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit
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