Question: leted so does not indicate con Required information [The following information applies to the questions displayed below.) Movelt Corporation is the world's leading express-distribution company.

 leted so does not indicate con Required information [The following information
applies to the questions displayed below.) Movelt Corporation is the world's leading

leted so does not indicate con Required information [The following information applies to the questions displayed below.) Movelt Corporation is the world's leading express-distribution company. In addition to its 643 aircraft, the company has more than 57,000 ground vehicles that pick up and deliver packages. Assume that Movelt sold a delivery truck for $20,000. Movelt had originally purchased the truck for $33,000 and had recorded depreciation for three years. Prepare the journal entry to record the disposal of the truck, assuming that Accumulated Depreciation was (a) $13,000. (b) $7,000 and (c) $17,000. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Credit No Transaction Answer is complete but not entirely correct. General Journal Debit Cash 20.000 Accumulated Depreciation Equipment 13.000 Sales Revenue * O 33.000 O ch Required information No Iransaction Debit 1 a General Journal Cash Accumulated Depreciation Equipment Sales Revenue 20,000 13,000 >X 33,000 2 b Cash Accumulated Depreciation-Equipment Loss on Disposal Sales Revenue >>> 20,000 7,000 -6,000 33,000 20,000 17,000 Cash Accumulated Depreciation-Equipment Gain on Disposal Sales Revenue 33 000 8 X 4.000 X earch

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