The Given options for the Journal entries are

- Accounts Payable, Accounts receivable, Accumulated depreciation, Cash, Delivery truck, Gain on sale of Delivery truck, and loss on sale of delivery truck

E8-14 Recording the Disposal of an Asset and Financial Statement Effects LO8-5 FedEx Corporation is a global leader in express distribution. It has the world's largest fleet of all-cargo aircraft and thousands of vehicles and trailers to pick up and deliver packages. Assume that FedEx sold a small delivery truck that had been used in the business for three years. The records of the company reflect the following: Delivery truck Accumulated depreciation $ 26,950 21,260 Required: 1. Prepare the journal entry to record the disposal of the truck and the related transaction effects, assuming that the sales price was (a) $5,690, (b) $6,550, or (c) $4,980. (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