Required information

E$9-11($Algo$)$ Demonstrating the Effect of Book Value on Reporting an Asset Disposal $[$LO $9-5]$

$[$The following information applies to the questions displayed below.$]$

OnTime Packaging 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 OnTime sold a delivery truck for $$11,000.$ OnTime had originally purchased the vehicle and recorded it in the Truck account for $$18,000$ and had recorded depreciation for three years.

E$9-11($Algo$)$ Part $2$

$2.$ Using the following structure, indicate the effects $($accounts$,$ amounts, and $+$ for increase and $-$ for decrease$)$ of the disposal of the truck, assuming Accumulated Depreciation$-$Truck was $($a$)$ $$7,000,($b$)$ $$4,000,$ and $($c$)$ $$12,000.($Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.$)$

$\backslash$table$[[,,=,$Liabilities,$+,$Stockholders' Equity$],[($a$),,=,,+,],[($a$),$L$,=,,+,],[($a$),7,=,,+,],[($b$),,=,,+,],[($b$),-,=,,+,-],[($b$),,=,,+,],[($c$),-,=,,+,$F$],[($c$),-,=,,+,],[($c$),,=,,+,]]$

Required information

E$9-11($Algo$)$ Demonstrating the Effect of Book Value on Reporting an Asset Disposal $[$LO $9-5]$

$[$The following information applies to the questions displayed below.$]$

OnTime Packaging 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 OnTime sold a delivery truck for $$11,000.$ OnTime had originally purchased the vehicle and recorded it in the Truck account for $$18,000$ and had recorded depreciation for three years.

E$9-11($Algo$)$ Part $2$

$2.$ Using the following structure, indicate the effects $($accounts$,$ amounts, and $+$ for increase and $-$ for decrease$)$ of the disposal of the truck, assuming Accumulated Depreciation$-$Truck was $($a$)$ $$7,000,($b$)$ $$4,000,$ and $($c$)$ $$12,000.($Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.$)$

$\backslash$table$[[,,=,$Liabilities,$+,$Stockholders' Equity$],[($a$),,=,,+,],[($a$),$L$,=,,+,],[($a$),7,=,,+,],[($b$),,=,,+,],[($b$),-,=,,+,-],[($b$),,=,,+,],[($c$),-,=,,+,$F$],[($c$),-,=,,+,],[($c$),,=,,+,]]$