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Journalize the following transactions for Sting Company for 2019. Jan 1 Retired delivery truck that was fully depreciated. Original cost of the machine was $24,800

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Journalize the following transactions for Sting Company for 2019. Jan 1 Retired delivery truck that was fully depreciated. Original cost of the machine was $24,800 and had no salvage value. Mar 1 Purchased patent (7-year life) for $840,000 Apr 30 Sold a piece of equipment that originally cost $54,000 for $28,000. Accumulated depreciation at 4/30/2019 was $21,000. Jun 30 Purchased a trademark indefinite life) for $450,000 Oct 31 Paid $210,000 for research and development costs Dec 31 Disposed of a delivery truck that was wrecked in a crash. The original cost of the truck was $36,000. Accumulated depreciation at 12/31/2019 was $16,000. Dec 31 Recorded amortization on intangible assets for 2019

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