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Rural Airways purchased a baggage-handling truck for $60,000. Suppose Rural Airways sold the truck on December 31, 2018, for $44,000 cash, after using the truck
Rural Airways purchased a baggage-handling truck for $60,000. Suppose Rural Airways sold the truck on December 31, 2018, for $44,000 cash, after using the truck for three full years and accumulating depreciation of $29,000. Make the journal entry to record Rural Airways' sale of the truck (Recor debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Date Debit Credit Dec 31, 2018
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