I need journal entrySolutionJournal entry Date Account and

I need journal entry

Solution

Journal entry :

Date	Account and explanation	debit	credit
Jan 1,2012	Truck account	22000
	Cash		22000
	(To record truck purchased)
Dec 31,2012	Depreciation expense	4000
	Accumlated depreciation		4000
	(To record depreciation)
Dec 31,2013	Depreciation expense (22000-2400-4000)/3	5200
	Accumlated depreciation		5200
	(To record depreciation)
Dec 31,2014	Depreciation expense	5200
	Accumlated depreciation		5200
	(To record depreciation)
Dec 31,2014	Cash	5300
	Accumlated depreciation	14400
	Loss on sale of truck	2300
	Truck		22000
	(To record sale of truck)