Required:

1. Prepare the journal entry to record the disposal of the truck and the related transaction effects, assuming that the sales price was (a) $4,030, (b) $4,690, or (c) $3,720. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

FedEx Corporation is a global leader in expresl distribution. It has the world's largest fleet of all-cargo aircraft and thousands of vehicles and trailers to pick up and deliver packages. Assume that FedEx sold a small delivery truck that had been used in the business for three years. The records of the company reflect the following: Delivery truck Accumulated depreciation $20, 350 24,320 Required: 1. Prepare the journal entry to record the disposal of the truck and the related transaction effects, assuming that the sales price was (a) $4,030, (b) $4,690, or ($3,720. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet 2 3 Record the disposal of the truck assuming that the sales price was $4,030. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Journal entry worksheet Record the disposal of the truck assuming that the sales price was $4,690. Note: Enter debits before credits. General Journal Debit Transaction b. Credit Journal entry worksheet