How should the transaction of a truck scrapped for $700, having a cost of $56,000 and accumulated depreciation of $50,000, be recorded in the journal?
a) Debit Cash $700, Credit Accumulated Depreciation $50,000, Credit Truck $56,000
b) Debit Cash $700, Debit Accumulated Depreciation $50,000, Credit Truck $56,000
c) Debit Cash $700, Credit Truck $56,000
d) Debit Cash $700, Debit Truck $56,000, Credit Accumulated Depreciation $50,000