Fast Delivery is the world's largest express transportation company. In addition to the world's largest fleet...

Transcribed Image Text:

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 663 alrcraft and 63,000 vehicles and trailers that pick up and dellver 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 cont Accumulated depreciation $ 50,000 35,100 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 requlred" in the first account fleld.) a. $14,900 cash b. $17,500 cash c. $14,000 cash View transaction lat Journal entry worksheet 2 Record the disposal of the truck, assuming the truck was sold for $14,900 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Racord noto Cinaante Vaw nanncalloucoal 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 663 alrcraft and 63,000 vehicles and trailers that pick up and dellver 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 cont Accumulated depreciation $ 50,000 35,100 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 requlred" in the first account fleld.) a. $14,900 cash b. $17,500 cash c. $14,000 cash View transaction lat Journal entry worksheet 2 Record the disposal of the truck, assuming the truck was sold for $14,900 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Racord noto Cinaante Vaw nanncalloucoal

Answer rating: 100% (QA)

Journal entry DAte Particulars Dr Cr a Cash 14900 Accumulated Depreciati... View the full answer