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Job Sales Sold a Truck for $2,000 Cash

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Job Sales sold a truck for $2,000 cash. It was originally purchased for $36,000, and had accumulated depreciation of $30,000 at the time of sale. Please provide the journal entry for the sale of the truck.
Job Sales sold a truck for $2,000 cash. It was originally purchased for $36,000, and had accumulated depreciation of $30,000 at the time of sale. Please provide the journal entry for the sale of the truck.


Definitions:

Legal Counsel

Legal advice provided by lawyers to individuals, organizations, or corporations on legal matters.

Ancillary Services

Secondary services that support or complement the primary services of an organization or system.

Product Mix

The total range of products or services offered by a company, encompassing various product lines, categories, and individual items.

Different Product Lines

A variety of product categories or groups offered by a single company, each catering to distinct customer needs or market segments.

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