Journal entry for sale, Orbit Airways purchased a

Journal entry for sale

Reference no: EM1357984

Orbit Airways purchased a baggage-handling truck for $41,000. Suppose Orbit sold the truck on December 31, 2008, for $28,000 cash, after using the truck for two full years and accumulating a depreciation of $16,000. Make the journal entry to record Orbit's sale of the truck.

Reference no: EM1357984

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