Required information

$[$The following information applies to the questions displayed below.$]$

VQT Companies is the world's leading express$-$distribution company. In addition to its $643$ aircraft, the

company has more than $57,000$ ground vehicles that pick up and deliver packages. Assume that VQT sold a

delivery truck for $$20,000.$ VQT had originally purchased the vehicle and recorded it in the Truck account for

$$33,000$ and had recorded depreciation for three years.

Prepare the journal entry to record the disposal of the truck, assuming Accumulated Depreciation$--$Truck was $($a$)$

$$13,000,($b$)$ $$7,000,$ and $($c$)$ $$17,000.($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry

Required" in the first account field.$)$

Journal entry worksheet

Record the sale of the truck that has an accumulated

depreciation balance of $$13,000$ at the time of disposal.

Note: Enter debits before credits.