3,840 Apr. 30-Deprec. Depreciation Expense-Delivery Truck Accumulated Depreciation-Delivery Truck 3,840 Apr. 30-Sale Accumulated Depreciation-Delivery Truck Cash 40,440 Loss on Sale of Delivery Truck Delivery Truck l... DDNI Dec. 31 Depreciation Expense-Delivery Truck Accumulated Depreciation-Delivery Truck 94,000 Year 3 Sept. 1 Delivery Truck Cash 94,000 Sept. 4-Deprec. Depreciation Expense-Delivery Truck Accumulated Depreciation-Delivery Truck Sept. 4-Sale Cash 42,900 Accumulated Depreciation-Delivery Truck Delivery Truck Gain on Sale of Delivery Truck 0 O illi O 0 Dec 31 Depreciation Expense-Delivery Truck Accumulated Depreciation Delivery Truck following transactions and adjusting entries were completed by Robinson Furniture Co. during a three-year period. All are related to the use of delivery equipment, double-declining balance method of depreciation is used. ar 1 an. 8. Purchased a used delivery truck for $61,440, paying cash. Mar. 7. Pald garage $230 for changing the oil, replacing the oil niter, and tuning the engine on the delivery truck. ec. 31. Recorded depreciation on the truck for the fiscal year. The estimated useful life of the truck is 8 years, with a residual value of $12,900 for the truck, ear 2 Jan. 9. Purchased a new truck for $70,560, paying cash. Feb. 28. Pald garage $200 to tune the engine and make other minor repairs on the used truck, Apr. 30. Sold the used truck for $40,440. (Record depreciation to date in Year 2 for the truck) Dec. 31. Record depreciation for the new truck. It has an estimated trade-In value of $12,700 and an estimated life of 7 years. : Year 3 Sept. 1. Purchased a new truck for $94,000, paying cash Sept. 4. Sold the truck purchased January 9, Year 2, for $42,900. (Record depreciation to date in Year 3 for the truck.) Dec. 31. Recorded depreciation on the remaining truck. It has an estimated residual value of $16,900 and an estimated useful life of 10 years Required: Journalize the transactions and the adjusting entries. If an amount box does not require an entry, leave it blank. Do not round intermediate calculations. Round your final answers to the nearest cent