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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
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 $29,000. VQT had originally purchased the vehicle and recorded it in the Truck account for $49,000 and had recorded depreciation for three years. Prepare the journal entry to record the disposal of the truck, assuming Accumulated Depreciation-Truck was (a)$20,000,(b) $17,000, and (c) $25,000. (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 $20,000 at the time of disposal. Note: Enter debits before credits. VQT Companies is the world's leading express-distribution company. In addition to its 643 ai than 57,000 ground vehicles that pick up and deliver packages. Assume that VQT sold a del had originally purchased the vehicle and recorded it in the Truck account for $49,000 and h three years. 4. Prepare the journal entry to record the disposal of the truck, assuming Accumulated Depreciatio $17,000, and (c) $25,000. (If no entry is required for a transaction/event, select "No Journal En field.) Journal entry worksheet Record the sale of the truck that has an accumulated depreciation balance of $17,000 at the time of disposal. Note: Enter debits before credits. VQT Companies is the world's leading express-distribution company. In addition to its 6 than 57,000 ground vehicles that pick up and deliver packages. Assume that VQT sold had originally purchased the vehicle and recorded it in the Truck account for $49,000 a three years. repare the journal entry to record the disposal of the truck, assuming Accumulated Deprec 17,000 , and (c)$25,000. (If no entry is required for a transaction/event, select "No Journ eld.) Journal entry worksheet Record the sale of the truck that has an accumulated depreciation balance of $25,000 at the time of disposal. Note: Enter debits before credits
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