Required Information

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

$[$The following Informatlon applies to the questlons displayed below.$]$

Jansen Affillates is the world's leading express$-$distribution company. In addition to Its $643$ alrcraft, the company has more

than $57,000$ ground vehicles that plck up and deliver packages. Assume that Jansen sold a dellvery truck for $$26,000.$

Jansen had originally purchased the vehicle and recorded it in the Truck account for $$43,000$ and had recorded

depreclation for three years.

E$9-11($Algo$)$ Part $4$

Prepare the journal entry to record the disposal of the truck, assuming Accumulated Depreclation$--$Truck was $($a$)$ $$17,000,($b$)$

$$12,000,$ and $($c$)$ $$19,000.($If no entry Is requlred for a transaction$/$event$,$ select $"$No Journal Entry Required" In the flrst account

fleld.$)$

Journal entry worksheet

Record the sale of the truck that has an accumulated depreciation balance of

$$17,000$ at the time of disposal.

Note: Enter debits before credits.