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Show the various account debit or credit entries

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Question - Piggot Construction Company purchased a pickup truck. They bought the truck three years ago for $28,000 and put it on the books as a four year piece of equipment using straight line depreciation. They assigned a salvage value of $8,000. They have posted depreciation for three years. The truck has just been sold for $12,000. No replacement.

Using the T account method of displaying transactions, show the various account debit or credit entries for the business activities identified above. Also assign an appropriate account number for each account you use.

Reference no: EM131900316

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