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

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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 670 aircraft and 56,000 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 33,900 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. $15,100 cash b. $15,600 cash c. $12,800 cash View transaction list Journal entry worksheet < 1 2 3 Record the disposal of the truck, assuming the truck was sold for $15,100 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Clear entry Record entry View general Journal 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 670 aircraft and 56,000 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 33,900 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. $15,100 cash b. $15,600 cash c. $12,800 cash View transaction list Journal entry worksheet < 1 2 3 Record the disposal of the truck, assuming the truck was sold for $15,100 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit Clear entry Record entry View general Journal

Answer rating: 100% (QA)

Solution Gainloss on sale Cash Accumulated Depreciation Original cost No ... View the full answer