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Requlred Informatlon

$[$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

$$22,000.$ OnTime had originally purchased the vehicle and recorded it in the Truck account for $$37,000$ and had recorded

depreciation for three years.

Prepare the journal entry to record the disposal of the truck, assuming Accumulated Depreciation$--$Truck was $($a$)$ $$15,000,($b$)$

$$13,000,$ and $($c$)$ $$21,000.($If no entry is requlred for a tronsoctlon$/$event$,$ select $"$No Journal Entry Requlred" In the flrst account

fleld.$)$

Journal entry worksheet

Record the sale of the truck that has an accumulated depreciation balance of

$$15,000$ at the time of disposal.

Note: Enter debits before credits.