Journalize the Following Transactions for PetsRUs:
Mar $\quad$ Sold a Truck for $6,000 That Cost $9,000 and Had

question 9

Essay

Journalize the following transactions for PetsRUs:
Mar. 5 $\quad$ Sold a truck for $6,000 that cost $9,000 and had an accumulated depreciation of $5,000.

Mar. 10 $\quad$ A machine costing $10,000 with accumulated depreciation of $8,000 was destroyed in a fire. No claim was filed.

May 15 $\quad$ 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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Definitions:

FUTA Payable

A federal tax liability owed by employers to fund the unemployment benefits system.

FICA-OASDI

Represents the Federal Insurance Contributions Act's Old-Age, Survivors, and Disability Insurance, a U.S. payroll tax that funds Social Security.

FICA-Medicare

The portion of the Federal Insurance Contributions Act tax that is allocated to Medicare, funding hospital insurance benefits for individuals who are elderly or disabled.

Payroll Register

A document that records detailed information about the compensation paid to employees, including wages, deductions, and net pay.