$($b$)$ A depreciation schedule for semi$-$trucks of Oriole Manufacturing Company was requested by your auditor soon after December $31,$

$2026,$ showing the additions, retirements, depreciation, and other data affecting the income of the company in the $4-$year period $2023$

to $2026,$ inclusive. The following data were ascertained.

Balance of Trucks account, Jan. $1,2023$

The Accumulated Depreciation$-$Trucks account previously adjusted to January $1,2023,$ and entered in the ledger, had a balance on

that date of $$36,240($depreciation on the four trucks from the respective dates of purchase, based on a $5-$year life, no salvage value$).$

No charges had been made against the account before January $1,2023.$

Transactions between January $1,2023,$ and December $31,2026,$ which were recorded in the ledger, are as follows.

July $1,2023$ Truck No$.3$ was traded for a larger one $($No$.5),$ the agreed purchase price of which was $$48,000.$ Oriole paid the

automobile dealer $$26,400$ cash on the transaction. The entry was a debit to Trucks and a credit to Cash, $$26,400.$

The transaction has commercial substance.

Jan. $1,2024$ Truck No$.1$ was sold for $$4,200$ cash; entry debited Cash and credited Trucks, $$4,200.$

July $1,2025$ A new truck $($No$.6)$ was acquired for $$50,400$ cash and was charged at that amount to the Trucks account. $($Assume

truck No$.2$ was not retired.$)$ July $1,2025$ Truck No$.4$ was damaged in a wreck to such an extent that it was sold as junk for $$840$ cash. Oriole received

$$3,000$ from the insurance company. The entry made by the bookkeeper was a debit to Cash, $$3,840,$ and credits to

Miscellaneous Income, $$840,$ and Trucks, $$3,000.$

Entries for straight$-$line depreciation had been made at the close of each year as follows: $2023,$$$25,200$;$2024,$$$27,000$;$2025,$

$$30,060$; and $2026,$ $$36,480.$

Prepare one compound journal entry as of December $31,2026,$ for adjustment of the Trucks account to reflect the correct

balances as revealed by your schedule, assuming that the books have not been closed for $2026.($If no entry is required, select

$"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when the

amount is entered. Do not indent manually. List all debit entries before credit entries.$)$

Account Titles and Explanation

Debit

Credit