Required information [The following information applies to the questions displayed below.] Movelt Corporation is the...
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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 $29,000. Movelt had originally purchased the truck for $49,0O00 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) $20,000, (b) $17,000, and (c) $25,000. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 2 1 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. General Journal Credit Transaction Debit a Journal entry worksheet 2 3 1 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. Credit Transaction General Journal Debit b Journal entry worksheet
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