All 12 Journal Entries please

transactions and adjusting entries were completed by a poper-packaging company called Gravure 10 onal during 2018 and 2019. The company uses straight-line depreciation for trucks and other vehicles double-declining-balance depreciation for buildings, and straight-line amortization for patents 15 points 2018 January 2 Paid $97,000 cash to purchase storage shed components. January3 Paid $4,000 cas h to have the storage shed erected. The storage shed has an estimated life of 10 years and a residual value of $7,000. April 1 Paid $43,000 cash to pu rchase a pickup truck for use in the business. The alue of truck has an estimated useful life of five years and a residual v $5,000. 03:43:36 May 13 Paid $700 cash for minor repairs to the pickup truck s upholstery. July 1 Paid $18,000 cash to purchase patent rights on a new paper manufacturing process. The patent is estinated to have a remaining usetul life of five years. eBook December 31 Recorded depreciation and amortization on the pickup truck, storage shed, and patent. 2019 Print June. 30 Sold the pickup truck for $37,000 cash. (Record the depreciation on the truck prior to recording its disposal.) December 31 Recorded depreciation on the storage shed. Also determined that the patent was impaired and vrote off its renaining book value (.e., wrote down the book value to zero). Reference 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 Rco epuchase of storage shed components for $97,000 Note: Enter debits before credits. ate January 02, 2018 View general journal Record entry Clear entry