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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Question

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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\hline \quad\quad& \quad&\quad \
\hline & & \\hline & & \\hline & & \\hline & & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of 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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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}​​​​

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