10 14 points PB9-4 (Algo) Recording Transactions and Adjustments for Tangible and Intangible Assets (LO 9-1, LO 9. 2, LO 9-3, LO 9-4, LO 9-5, LO 9-6] The following transactions and adjusting entries were completed by a local delivery company called Fast Delivery. The company uses straight-line depreciation for delivery vehicles, double-declining-balance depreciation for buildings, and straight-line amortization for franchise rights January 2, 2020 Paid $173,000 cash to purchase a small warehouse building near the airport. The building has an estimated 11fe of 20 years and a residual value of $3,300. July 1, 2020 Paid $38,000 cash to purchase a delivery van. The van has an estimated useful life of five years and a residual value of $7,600. October 2, 2020 Paid $100 cash to paint a small office in the warehouse building. eBook October 13, 2020 Paid $100 cash to get the oil changed in the delivery van. Print References December 1, December 31, June 30, 2020 Paid $93,000 cash to UPS to begin operating Fast Delivery business as a franchise using the nane The UPS Store. This franchise right expires in five years. 2020 Recorded depreciation and anortization on the delivery van, warehouse building, and franchise right. 2021 Sold the warehouse building for $138,000 cash. (Record the depreciation on the building prior to recording its i disposal.) December 31, 2021 Recorded depreciation on the delivery van and amortization on the franchise right. Determined that the franchise right was not impaired in value. Required: Prepare the journal entries required on each of the above dates. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 eBook Print References entry worksheet 2 3 4 5 6 7 8 9 Record the purchase of a warehouse building for $173,000 cash. Note: Enter debits before credits. Date January 02, 2020 General Journal Debit Credit View general journal Record entry Clear entry eBook Print References Journal entry worksheet 1 3 4 5 6 7 8 9 Record the purchase of a delivery van for $38,000 cash. Note: Enter debits before credits Date July 01, 2020 General Journal Debit Credit Record entry Clear entry View general journal 10 points View transaction list Journal entry worksheet < 1 2 Book Print References 4 5 6 7 8 9 Record the payment for painting a small office in the warehouse building for $300. Note: Enter debits before credits. Date October 02, 2020 > General Journal Debit Credit View general journal Record entry Clear entry 10 points www.BamTION TIET Journal entry worksheet eBook Print eferences 1 2 3 5 7 B Record the payment for oil changes in the delivery van of $100. Note: Enter debits before credits. Date October 13, 2020 General Journal Debit Credit View general journal Record entry Clear entry View transaction list Journal entry worksheet < 1 2 3 4 5 6 ook ces Record the franchise rights purchased for $93,000 to allow for the operation of a fast delivery business. Note: Enter debits before credits. Date December 01, 2020 General Journal Debit Credit Record entry Clear entry View general journal eBook Print ferences Journal entry worksheet 2 3 4 5 7 8 9 Record the depreciation and amortization expenses on the delivery van, warehouse building, and franchise rights for the year 2020. Note: Enter debits before credits. Date December 31, 2020 General Journal Debit Credit Clear entry View general journal Record entry View transaction list Journal entry worksheet < 1 2 3 4 5 6 8 9 Record the depreciation of the warehouse building up to the date of sale in 2021. Note: Enter debits before credits. Date June 30, 2021 General Journal Debit Credit Record entry Clear entry View general journal points Journal entry worksheet < 1 2 3 4 5 6 7 eBook Print References Record the sale of the warehouse building for $138,000 cash. Note: Enter debits before credits. Date June 30, 2021 9 General Journal Debit Credit View general journal Clear entry Record entry Journal entry worksheet < 1 2 3 4 5 6 7 B eBook Record the depreciation and amortization expenses on the delivery van and franchise rights for the year 2021. Print D rences Note: Enter debits before credits. Date December 31, 2021 General Journal Debit Credit Record entry Clear entry View general Journal