2012
Jan. 4.	Purchased a used delivery truck for $77,760, paying cash.
Feb. 24.	Paid garage $150 for changing the oil, replacing the oil filter, and tuning the engine on the delivery truck.
Dec. 31.	Recorded depreciation on the truck for the fiscal year. The estimated useful life of the truck is 9 years, with a residual value of $16,300 for the truck.
2013
Jan. 3.	Purchased a new truck for $88,200, paying cash.
Mar. 7.	Paid garage $430 to tune the engine and make other minor repairs on the used truck.
Apr. 30.	Sold the used truck for $53,750. (Record depreciation to date in 2013 for the truck.)
Dec. 31.	Record depreciation for the new truck. It has an estimated trade-in value of $15,900 and an estimated life of 7 years.
2014
July 1.	Purchased a new truck for $86,000, paying cash.
Oct. 7.	Sold the truck purchased January 3, 2013, for $52,100. (Record depreciation to date in 2014 for the truck.)
Dec. 31.	Recorded depreciation on the remaining truck. It has an estimated residual value of $15,500 and an estimated useful life of 10 years.

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Journalize the transactions and the adjusting entries. For a compound transaction, if an amount box does not require an entry, leave it blank. Do not round intermediate calculations.