Montaigne Delivery Company has a truck that it wants to sell. The truck had an original cost of $60,000, was purchased three years ago, and was expected to have a useful life of eight years with no salvage value. Using straight-line depreciation and assuming that depreciation expense for three full years has been recorded, prepare journal entries to record the disposal of the truck under each of the following independent conditions:

1. Montaigne sells the truck for $42,000 cash.

2. Montaigne sells the truck for $35,000 cash.

3. The old truck is wrecked and Montaigne hauls it to the junkyard.