PROTECTED VIEW Be careful files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enab 1 Below you will see three scenarios for disposal of assets. Prepare the journal entry for each. 4 On June 1, 2016 Ade Corporation sold a truck for$10,000 cash. The truck originally cost $45,000 and the 5 accumulated depreciation as of May 31, 2016 was 37,600. 7 DATE ACCOUNT DEBIT CREDIT 14 On September 1, 2016 Smith Conveyor Corp sold a piece of factory machinery for $12,000. The machine originally 15 cost $52,000 and had accumulated depreciation of $36,500 as of August 31, 2016, CREDIT 24 on october 1, 2016 Axle Corporation scraped of a piece of machinery for no proceeds The machine originaly 25 cost $20,000 and had accumulated depreciation of $18,000 as of September 30, 2016. e COTS