Journalize the Following Transactions for PetsRUs:
Mar Sold a Truck for $6,000 That Cost $9,000 and Had
Essay
Journalize the following transactions for PetsRUs:
Mar. 5 Sold a truck for $6,000 that cost $9,000 and had an accumulated depreciation of $5,000.
Mar. 10 A machine costing $10,000 with accumulated depreciation of $8,000 was destroyed in a fire. No claim was filed.
May 15 Traded in a machine costing $20,000, with $15,000 of accumulated depreciation, for a new machine costing $30,000 with a trade-in allowance of $7,000
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