Required information [The following information applies to the questions displayed below.] OnTime Packaging 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 OnTime sold a delivery truck for $11,000. OnTime had originally purchased the vehicle and recorded it in the Truck account for $18,000 and had recorded depreciation for three years. 1. Prepare the journal entry to record the disposal of the truck, assuming Accumulated Depreciation--Truck was (a) $7,000, (b) $4,000, and (c) $12,000. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the sale of the truck that has an accumulated depreciation balance of $7,000 at the time of disposal. Note: Enter debits before credits. Transaction General Journal Debit Credit a Cash 11,000 Record entry Clear entry View general journal