The Jones Company is self-insured, and consequently the company does not receive any insurance payments if it is involved in an accident. One of the Jones Company trucks was involved in a major accident and the company decided to sell the truck for scrap. At the time of the accident, the truck had a cost basis of \($22,500\) and accumulated depreciation of \($15,000\). The proceeds from the sale totaled \($750\) Required: Record the journal entry for the disposal of the truck