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242. (10 points) A truck that cost $29,600 and on which $21,600 of accumulated depreciation...

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Accounting

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242. (10 points) A truck that cost $29,600 and on which $21,600 of accumulated depreciation had been recorded was disposed of on September 1, the first day of the new fiscal year. Prepare entries in journal form to record the disposal under each of the following assumptions: a. It was discarded as having no value. b. It was sold for $6,000 cash. c. It was sold for $11,200 cash. Debit Credit Post Ref. Date Description

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