Required information E9-11 (Algo) Demonstrating the Effect of Book Value on Reporting an Asset Disposal [LO 9-5] [The following information applies to the questions displayed below.] Liang and Cruz Deliveries 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 Liang and Cruz sold a delivery truck for $31,000. Liang and Cruz had originally purchased the vehicle and recorded it in the Truck account for $51,000 and had recorded depreciation for three years. E9-11 (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) $20,000, (b) $16,000, and (c) $26,000. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) 4. Prepare the journal entry to record the disposal of the truck, assuming Accumulated Depreciation--Truck was (a) $20,000, (b) $16,000, and (c) $26,000. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the sale of the truck that has an accumulated depreciation balance of $20,000 at the time of disposal. Note: Enter debits before credits. Prepare the journal entry to record the disposal of the truck, assuming Accumulated Depreciation--Truck was (a) $20,000, (b) $16,000, and (c) $26,000. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the sale of the truck that has an accumulated depreciation balance of $16,000 at the time of disposal. Note: Enter debits before credits. 4. Prepare the journal entry to record the disposal of the truck, assuming Accumulated Depreciation--Truck was (a) $20,000, (b) $16,000, and (c) $26,000. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the sale of the truck that has an accumulated depreciation balance of $26,000 at the time of disposal. Note: Enter debits before credits