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Job Sales Sold a Truck in Exchange for $1,000 Cash

question 43

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.
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.


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