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Journalize the following transactions for Pets R Us:Mar. 5Sold a truck for $10,000 that cost $15,000 ...

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Journalize the following transactions for Pets R Us:Mar. 5Sold a truck for $10,000 that cost $15,000 ...

Journalize the following transactions for Pets R Us:

Mar. 5   Sold a truck for $10,000 that cost $15,000 and had an accumulated depreciation of $12,000.

Mar. 10   A machine costing $13,000 with accumulated depreciation of $10,500 was destroyed in a fire. No claim was filed.

May 15   Traded in a machine costing $25,000, with $19,000 of accumulated depreciation, for a new machine costing $32,000 with a trade-in allowance of$ 9,000.

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College Accounting: A Practical Approach

Edition: 13^th

Author: Slater

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