Prepare one compound journal entry as of December 31, 2018, for adjustment of the Trucks account to reflect the correct balances as revealed by your schedule, assuming that the books have not been closed for 2018. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered.Do not indent manually.)

Account Titles and Explanation

Debit

Credit

Accumulated Depreciation-Trucks

66550

Retained Earnings

0

Trucks

48000

Loss on Impairment

18550