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Journal Entry 2: Record the disposal of the truck, assuming that the truck was sold...

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Journal Entry 2: Record the disposal of the truck, assuming that the truck was sold for $16,900 cash.

Journal Entry 3: Record the disposal of the truck, assuming the truck was sold for $12,800 cash.

Fast Delivery is the world's largest express transportation company. In addition to the world's largest fleet of all-cargo aircraft, the company has more than 665 aircraft and 60,000 vehicles and trailers that pick up and deliver packages. Assume that Fast Delivery sold a delivery truck that had been used in the business for three years. The records of the company reflected the following: Delivery truck cost Accumulated depreciation $ 49,000 34,200 Required: 1. Prepare the journal entry for the disposal of the truck, assuming that the truck sold for: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a. $14,800 cash b. $16,900 cash c. $12,800 cash View transaction list Journal entry worksheet Record the disposal of the truck, assuming the truck was sold for $14,800 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit a

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