please provide journal June 21 A nearly depreciated company truck was traded in for a new one The old truck cost $4,800 00 and on March 31, the end of the previous quarter, it had been depreciated $3,180 00 Straight line depreciation on the old truck is $80 00 per month ( DEPRE ) The new truck listed for $18,950 00 and Archibald Auto Sales allowed a $2,825 00 trade in allowance on the purchase of the new vehicle This trade has no commercial value and no gain or loss will be recognized on this transaction In addition to the check issued for the new truck, an additional check was issued for $510 00 was issued to the Department of Motor Vehicles the vehicle license fees Three entries are required for this trade 1) Record the depreciation for 3 months Invoice Number DEPRE (for depreciation) 2) Record the like kind asset exchange Check Number 31227 Invoice Number W3571 3) Record the license Check Number 31228 Invoice

Question

please provide journal June 21 A nearly depreciated company truck was traded in for a new one  The old truck cost $4,800 00 and on March 31, the end of the previous quarter, it had been depreciated $3,180 00  Straight line depreciation on the old truck is $80 00 per month ( DEPRE )  The new truck listed for $18,950 00 and Archibald Auto Sales allowed a $2,825 00 trade in allowance on the purchase of the new vehicle  This trade has no commercial value and no gain or loss will be recognized on this transaction  In addition to the check issued for the new truck, an additional check was issued for $510 00 was issued to the Department of Motor Vehicles the vehicle license fees  Three entries are required for this trade  1) Record the depreciation for 3 months  Invoice Number  DEPRE (for depreciation) 2) Record the like kind asset exchange  Check Number  31227  Invoice Number  W3571 3) Record the license  Check Number  31228  Invoice

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please provide journal June 21 A nearly depreciated company truck was traded-in for a new one. The old truck cost $4,800.00 and on March 31,

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