Below are the options for answers for the "general journal" part of the question. Please show the journal entry and the debits and credits for each journal entry. Complete the entire question. Thank you.
The following transactions and adjusting entries were completed by a local delivery company called Fast Delivery. The company uses straight-line depreciation for delivery vehicles, double-declining-balance depreciation for buildings, and straight-line amortization for franchise rights January 2, 2015 Paid $179,000 cash to purchase a small warehouse building near the airport. The building has an estimated life of 20 years and a residual value of $3,700. July 1, 2015 Paid $47,000 cash to purchase a delivery van. The van has an estimated useful life of five years and a residual value of $9 October 2, 2015 Paid $700 cash to paint a small office in the warehouse building October 13, 2015 Paid $100 cash to get the oil changed in the delivery van December 1, 2015 Paid $84,000 cash to UPS to begin operating Fast Delivery business as a franchise using the name The UPS Store. This franchise right expires in five years December 31, 2015 Recorded depreciation and amortization on the delivery van, warehouse building, and franchise right June 30, 2016 Sold the warehouse building for $143,000 cash. (Record the depreciation on the building prior to recording its disposal December 31, 2016 Recorded depreciation on the delivery van and amortization on the franchise right Determined that the franchise right was not impaired in value Required: Prepare the journal entries required on each of the above dates. (If no entry is required for a transaction/event, select Required" "No Journal Entry in the first account field. Do not round intermediate calculations.) view transaction list View generaljournal Journal Entry Worksheet 123 4667 89 Record the purchase of a warehouse building for $179,000 cash. transaction list Date January 02, 20 1. Record the purchase of a warehouse building for $179,000 cash. 2. Record the purchase of a delivery van for $47,000 cash 3. Record the payment for painting a small office in the warehouse building for $700. 4. Record the payment for oil changes in the delivery van of $100. 5. Record the franchise rights purchased for $84,000 to allow for the operation of a fast delivery business. done 6. Record the depreciation and amortization expenses on the delivery van, warehouse building, and franchise rights for the year 2015. 7. Record the depreciation of the warehouse building up to the date of sale in 2016. 8. Record the sale of the warehouse building for $143,000 cash 9. Record the depreciation and amortization expenses on
