Fast Delvery 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 657 aircraft and 62,000 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 Accueulsted depreciation $ 43,000 28,000 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. $15.000 cash b. $17,300 cash c. $13,300 cash View transaction list Journal entry worksheet 2. 3. Record the disposal of the truck, assuming the truck was sold for $15,000

Fast Delvery 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 657 aircraft and 62,000 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 Accueulsted depreciation $ 43,000 28,000 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. $15.000 cash b. $17,300 cash c. $13,300 cash View transaction list Journal entry worksheet 2. 3. Record the disposal of the truck, assuming the truck was sold for $15,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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