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5 joirnal entries for last picture Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 January 1 Paid $22,015 cash
5 joirnal entries for last picture Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 January 1 Paid $22,015 cash plus $1,785 in sales tax for a new delivery truck estimated to have a five-year 1 ife and a $2,150 salvage value. Delivery truck costs are recorded in the Trueks account. December 31 Recorded annual straight-line depreciation on the truck. Year 2 December 31 The truek's estimated useful life was ehanged from five to four years, and the estimated salvage value was increased to $2,550, Recorded annual straight-1ine depreciation on the truck. Year 3 December 31 fecorded annual straight-line depreciation on the truck. December 31 sold the truek for $5,500 cash. Required: 1-a. Calculate depreciation for Year 2. 1-b. Calculate book value and gain (loss) for sale of Truck on December 31, Year 3. 1-c. Prepare journal entries to record these transactions and events. Complete this question by entering your answers in the tabs below. Calculate depreciation for Year 2. Calculate book value and gain (loss) for sale of Truck on December 31 , Year 3. Journal entry worksheet 34 Record the total cost of the new delivery truck. Note: Enter debits before credits
5 joirnal entries for last picture
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