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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.
Drafted Service
Mandatory conscription for military service, where individuals are selected and required to join the armed forces.
Emancipation
The act of freeing someone from slavery, servitude, or legal, social, or political restrictions.
Radical Republicans
A faction within the U.S. Republican Party in the 19th century that advocated for the complete abolition of slavery and aggressive reconstruction policies following the Civil War.
Total Emancipation
Refers to the complete liberation of individuals from slavery or bondage without any remaining conditions or restrictions.
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