Required information Beckworth Company purchased a truck on January 1,2022 , at a cash cost of $10,600. The estimated residual value was $400 and the estimated useful life 4 years. The company uses straight-line depreciation computed monthly. On July 1, 2025, the company sold the truck for $1,900 cash. Prepare the required journal entries on the date of disposal, July 1, 2025. (Assume no 2025 depreciation had yet been corded) te: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the depreciation expense under straight-line method, for the truck purchased on January 1,2022 for $10,600 with an estimated residual value of $400 and an estimated useful life of 4 years, for the period ending July 1 , 2025. Note: Enter debits before credits. Required information Beckworth Company purchased a truck on January 1, 2022, at a cash cost of $10,600. The estimated residual value was $400 and the estimated useful life 4 years. The company uses straight-line depreciation computed monthly. On July 1, 2025, the company sold the truck for $1,900 cash. C. Prepare the required journal entries on the date of disposal, July 1, 2025. (Assume no 2025 depreciation had yet been recorded) Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the $1,900 sale of truck, purchased on January 1,2022 , for $10,600 with an estimated residual value of $400 and an estimated useful life of 4 years, on July 1,2025. Note: Enter debits before credits. Required information Beckworth Company purchased a truck on January 1,2022 , at a cash cost of $10,600. The estimated residual value was $400 and the estimated useful life 4 years. The company uses straight-line depreciation computed monthly. On July 1, 2025, the company sold the truck for $1,900 cash. Prepare the required journal entries on the date of disposal, July 1, 2025. (Assume no 2025 depreciation had yet been corded) te: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the depreciation expense under straight-line method, for the truck purchased on January 1,2022 for $10,600 with an estimated residual value of $400 and an estimated useful life of 4 years, for the period ending July 1 , 2025. Note: Enter debits before credits. Required information Beckworth Company purchased a truck on January 1, 2022, at a cash cost of $10,600. The estimated residual value was $400 and the estimated useful life 4 years. The company uses straight-line depreciation computed monthly. On July 1, 2025, the company sold the truck for $1,900 cash. C. Prepare the required journal entries on the date of disposal, July 1, 2025. (Assume no 2025 depreciation had yet been recorded) Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the $1,900 sale of truck, purchased on January 1,2022 , for $10,600 with an estimated residual value of $400 and an estimated useful life of 4 years, on July 1,2025. Note: Enter debits before credits
