Movelt Corporation is the world's leading express-distribution company. In addition to its 643 aircraft, the company...
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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 $19,000. Movelt had originally purchased the truck for $31,000 and had recorded depreciation for three years. 4. Prepare the journal entry to record the disposal of the truck, assuming that Accumulated Depreciation was (a) $12,000, (b) $7,000, and (c) $15,000. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 > Record the sale of the truck that has an accumulated depreciation balance of $12,000 at the time of disposal. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet 1 2 3 > Record the sale of the truck that has an accumulated depreciation balance of $7,000 at the time of disposal. Note: Enter debits before credits. Transaction General Journal Debit Credit b Record entry Clear entry View general journal View transaction list Journal entry worksheet 2 3 > Record the sale of the truck that has an accumulated depreciation balance of $15,000 at the time of disposal. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 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 $19,000. Movelt had originally purchased the truck for $31,000 and had recorded depreciation for three years. 4. Prepare the journal entry to record the disposal of the truck, assuming that Accumulated Depreciation was (a) $12,000, (b) $7,000, and (c) $15,000. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 > Record the sale of the truck that has an accumulated depreciation balance of $12,000 at the time of disposal. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet 1 2 3 > Record the sale of the truck that has an accumulated depreciation balance of $7,000 at the time of disposal. Note: Enter debits before credits. Transaction General Journal Debit Credit b Record entry Clear entry View general journal View transaction list Journal entry worksheet 2 3 > Record the sale of the truck that has an accumulated depreciation balance of $15,000 at the time of disposal. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
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