3) Number the following types of accounts (1-6) as they would appear on the Trial Balance. ________ Assets ________ Capital ________ Revenue

4) 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.

5) A computer server system, which had cost $210,000 and had accumulated depreciation of $147,000, was traded for a new system with a fair market value of $235,000. The old system and cash of $180,000 were given for the new system. Prepare the journal entry for the exchange of these similar assets.

6) A computer server system, which had cost $210,000 and had accumulated depreciation of $147,000, was traded for a new system with a fair market value of $235,000. The old system and cash of $180,000 were given for the new system. Prepare the journal entry for the exchange of these similar assets assuming the income tax method is used to record the exchange. ________ Liabilities ________ Withdrawals ________ Expenses