E8-14 Recording the Disposal of an Asset and Financial Statement Effects LO8-5 FedEx Corporation is a global leader in e

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E8 14 Recording The Disposal Of An Asset And Financial Statement Effects Lo8 5 Fedex Corporation Is A Global Leader In E 1 (33.25 KiB) Viewed 37 times

E8-14 Recording the Disposal of an Asset and Financial Statement Effects LO8-5 FedEx Corporation is a global leader in express distribution. It has the world's largest fleet of all-cargo aircraft and thousands of vehicles and trailers to pick up and deliver packages. Assume that FedEx sold a small delivery truck that had been used in the business for three years. The records of the company reflect the following: Delivery truck Accumulated depreciation Required: 1. Prepare the journal entry to record the disposal of the truck and the related transaction effects, assuming that the sales price was (a) $5,610. (b) $6.220, or (c) $5,310. (If no entry is required for a transaction/event, select "No Journal entry required" In the first account fleld.) View transaction list Journal entry worksheet < 12 3 Record the disposal of the truck assuming that the sales price was $5,610. Note: Enter debits before credits. $29,000 23,390 Transaction a. Record entry General Journal Clear entry Debit Credit View general journal