Job Sales Sold a Truck in Exchange for $1,000 Cash $$\begin{array} { | l | l | l | } \hline \quad\quad& \quad&\quad \\\hline & & \\\hline & & \\\hline & & \\\hline & & \\\hline\end{array}$$

question 22

Essay

Job Sales sold a truck in exchange for $1,000 cash plus a forklift.The truck was originally purchased for $36,000,and had accumulated depreciation of $30,000 at the time it was sold.The forklift was valued at $4,000.Please provide the journal entry for this transaction.
$$\begin{array} { | l | l | l | } \hline \quad\quad& \quad&\quad \\\hline & & \\\hline & & \\\hline & & \\\hline & & \\\hline\end{array}$$

Apply and understand the utility of formatting features such as highlighting scales.

Employ data lookup functions within Excel effectively.

Master the use of filters and understand how to manipulate filtered data.

Grasp the functionality and advantages of formatting a range as a table.

---

Definitions:

Required Return

The return a investor needs on an investment to compensate for the risk of the investment.

Dividend

A portion of a company's earnings distributed to shareholders, typically in the form of cash or additional stock.

Expected Decline Rate

The anticipated rate at which a value, such as stock price or economic indicator, is projected to decrease over a specified period.

P/E Ratio

The price-to-earnings ratio, a valuation metric that compares the current share price of a company to its per-share earnings, used to evaluate if a stock is over or undervalued.