Journalize the following transactions for the Round Company for 201X and show all calculations
Journalize the following transactions for the Round Company for 201X and show all calculations: Jan. 1 Sold a truck for $1,300 that cost $6,700 and had accumulated depreciation of $6,000. Feb 10 A machine costing $3,100 with accumulated depreciation of $2,150 was destroyed in a fire. The insurance company settled the claim for $450. … Read more