1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Hunter-Best [27]
2 years ago
6

Commonwealth Delivery is the world's leading express-distribution company. In addition to the world's largest fleet of all cargo

aircraft, the company has more than 664 aircraft and 65,000 vehicles and trailers that pick up and deliver packages. Assume that Commonwealth Delivery sold a delivery truck that had been used in the business for three years. The records of the company reflected the following:_____.
Delivery truck cost $ 51,000
Accumulated depreciation 35,900
Required:
Prepare the journal entry for the disposal of the truck, assuming that the truck sold for: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
a. $15,100 cash
b. $17,300 cash
c. $13,600 cash
Business
1 answer:
krek1111 [17]2 years ago
4 0

Answer:

Part a

Debit : Profit and loss $0

Debit : Cash $15,100

Debit : Accumulated depreciation $35,900

Credit : Cost $ 51,000

Part b

Debit : Profit and loss $2,200

Debit : Cash $15,100

Debit : Accumulated depreciation $35,900

Credit : Cost $ 51,000

Part c

Debit : Cash $15,100

Debit : Accumulated depreciation $35,900

Credit : Cost $ 51,000

Debit : Profit and loss $2,200

Explanation:

the journal entry for the disposal of the truck  are shown

You might be interested in
Compute NOPAT Using Tax Rates from Tax Footnote The income statement for The TJX Companies, Inc., follows. THE TJX COMPANIES, IN
vazorg [7]

Answer:

Explanation:

1)Use spreadsheet for the required computations. Enter values and formulas in the spreadsheet as shown in the image below.

2)The obtained result is provided below.

8 0
3 years ago
Which statement about attitude is correct?
Alex_Xolod [135]
Your answer would be D.


6 0
3 years ago
Read 2 more answers
When the company assigns factory labor costs to jobs, the direct labor cost is debited to Factory Labor. Manufacturing Overhead.
icang [17]

Answer: work in process inventory

Explanation:

The direct labor costs refers to the costs that is incurred by a company which has to do with the payment to the employees involved in the production activities of the company.

When a company assigns factory labor costs to jobs, then the direct labor cost is debited to the work in process inventory.

8 0
3 years ago
Ashley is taking an essay test in science. Her teacher tells the class what the essay question is so they can create notes befor
Liono4ka [1.6K]
I believe she should get notes from her friend if she does her and her friend can study together. That is proven in a study that if you tutor/teach or study with a person, family member or friend it improves your memory and helps you remember the things you study as well.
6 0
3 years ago
What does green mean at a stoplight
olchik [2.2K]

Green means Go

Explanation:

Green means go

Yellow means You still have time to go but be cautious

Red means Stop

5 0
3 years ago
Read 2 more answers
Other questions:
  • What are the 3 Skills listed for a roofer?
    14·2 answers
  • On January 1, 2017, Panther, Inc., issued securities with a total fair value of $564,000 for 100 percent of Stark Corporation's
    11·1 answer
  • Chen is preparing to write a feasibility report. His supervisor suggests he see if his software includes a template for this kin
    13·2 answers
  • The ______________ is essentially a device that monitors subjects’ physiological changes. These include changes in heart rate, r
    13·1 answer
  • 2.5 If the nominal rate of interest is 4.25 percent and the expected rate of inflation is 1.75 percent, what is the real rate of
    12·1 answer
  • Great Cruiseline offers nightly dinner cruises off the coast of​ Miami, San​ Francisco, and Seattle. Dinner cruise tickets sell
    12·1 answer
  • a car travelling at 36km / h accelerates uniformly acceleration final 2m / s ^2 find its velocity in 5 second ​
    5·1 answer
  • Formal communication in organizations follows the chain of command and is seen as official.
    11·1 answer
  • Weighted Average Method, FIFO Method, Physical Flow, Equivalent Units Heap Company manufactures a product that passes through tw
    7·1 answer
  • At a local manufacturing plant, about 20 percent of the engineers work full-time as independent contractors for a maximum of thr
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!