Calculator Book Instructions The following transactions and adjusting entries were completed by Legacy Furniture Co. during a three-year period. Al are related to the use of delivery equipment. The double-declining balance method of depreciation is used. Year 1 Jan 4 Nov. 2 Purchased a used delivery truck for $26,960, paying cash. Paid garago $500 for miscellaneous repairs to the truck Dec 31 Recorded depreciation on the truck for the year. The estimated useful life of the truck is four years, with a residual value of $5,250 for the truck. Year 2 Jan. 6 Apr. 1 Purchased a new truck for $50,150, paying cash. Sold the used truck purchased on Jan. 4 of Year 1 for $14,400. (Record depreciation to date in Year 2 for the truck.) Paid garage $465 for miscellaneous repairs to the truck. Recorded depreciation for the new truck. It has an estimated residual value of $8,850 and an estimated life of five years June 11 Dec. 31 Year 3 1 y Oct 2 Purchased a new truck for $55,520, paying cash. Sold the truck purchased January 6, Year 2, for $17.473. (Record depreciation to date for Year 3 for the truck) Recorded depreciation on the remaining truck purchased on July 1. has an estimated residual value of $12,565 and an estimated useful life of eight years. Dec. 31 Journalize the transactions and the adjusting entries. Refer to the Chart of Accounts for exact wording of accountitles earning assignment/takeAssignment Main.doinvokeretakeAssignmentSessionLocatore&inprogress=false ook Calculator Joumate the transactions and the adjusting entries Relor to the Chart of Accounts for w ing of accounts Scroll down to access and of the uma Journaline the Year 1 transactions and adjusting entries on Page 1 How does mad work? Score 66/76 ACCOUNTING EQUATION CROT ASSETS ABILITIES QUITY OINT 26.960.00 Jan 4 Delivery Truck 960" ! No 2 Miscellaneous Expense 000 60000 Dec. 31 A ustin Entries Depreciation Expense-Delivery Tuck Accumulated Depreciation-Delivery Truck 5.750.00 13.00/15 Joum the Year 2 transactions and adjusting ones on Page Check My Work A ndorra MacBook Pro Q Search or type URL : l l ; : : Trullole T : " Assignment a ssignment Main.do?invokeretakeAssignmentSessionLocator Binprogress=false Saare 100 ACCOUNTING EQUATION ant Delivery S01 501000 Apr 1" Depres 1.750.00 se-Delivery luck Deprecatione And 144000 1 1400 TO Accurated Depreciation-Delivery Thuck Gain on Sale of Delivery Tud Deberhude 2.000 A ngin Dec 31 Dec 1000 on Expense-Delivery luck Deprecation Jom the actions and a n Page 2 Chess My work Previous Next > All work saved Save and S a for Grading BORDO Q Search or type URL 00 ERTY YU 0 Pil takeAssignment Assignment Main.dowoker MakeAssignmentse book Jom the art and a n age Score: 1 ACCOUNTING EQUATION MI Delu 0 ? Depreca ted 11000 " Oct 2 m erytu Lesson Sale of Devery 47000 Dec 31" Depre p Migre elivery truck Deprecation Deverythick 12565.00 Previous Next > Q Search or type URL Calculator Book Instructions The following transactions and adjusting entries were completed by Legacy Furniture Co. during a three-year period. Al are related to the use of delivery equipment. The double-declining balance method of depreciation is used. Year 1 Jan 4 Nov. 2 Purchased a used delivery truck for $26,960, paying cash. Paid garago $500 for miscellaneous repairs to the truck Dec 31 Recorded depreciation on the truck for the year. The estimated useful life of the truck is four years, with a residual value of $5,250 for the truck. Year 2 Jan. 6 Apr. 1 Purchased a new truck for $50,150, paying cash. Sold the used truck purchased on Jan. 4 of Year 1 for $14,400. (Record depreciation to date in Year 2 for the truck.) Paid garage $465 for miscellaneous repairs to the truck. Recorded depreciation for the new truck. It has an estimated residual value of $8,850 and an estimated life of five years June 11 Dec. 31 Year 3 1 y Oct 2 Purchased a new truck for $55,520, paying cash. Sold the truck purchased January 6, Year 2, for $17.473. (Record depreciation to date for Year 3 for the truck) Recorded depreciation on the remaining truck purchased on July 1. has an estimated residual value of $12,565 and an estimated useful life of eight years. Dec. 31 Journalize the transactions and the adjusting entries. Refer to the Chart of Accounts for exact wording of accountitles earning assignment/takeAssignment Main.doinvokeretakeAssignmentSessionLocatore&inprogress=false ook Calculator Joumate the transactions and the adjusting entries Relor to the Chart of Accounts for w ing of accounts Scroll down to access and of the uma Journaline the Year 1 transactions and adjusting entries on Page 1 How does mad work? Score 66/76 ACCOUNTING EQUATION CROT ASSETS ABILITIES QUITY OINT 26.960.00 Jan 4 Delivery Truck 960" ! No 2 Miscellaneous Expense 000 60000 Dec. 31 A ustin Entries Depreciation Expense-Delivery Tuck Accumulated Depreciation-Delivery Truck 5.750.00 13.00/15 Joum the Year 2 transactions and adjusting ones on Page Check My Work A ndorra MacBook Pro Q Search or type URL : l l ; : : Trullole T : " Assignment a ssignment Main.do?invokeretakeAssignmentSessionLocator Binprogress=false Saare 100 ACCOUNTING EQUATION ant Delivery S01 501000 Apr 1" Depres 1.750.00 se-Delivery luck Deprecatione And 144000 1 1400 TO Accurated Depreciation-Delivery Thuck Gain on Sale of Delivery Tud Deberhude 2.000 A ngin Dec 31 Dec 1000 on Expense-Delivery luck Deprecation Jom the actions and a n Page 2 Chess My work Previous Next > All work saved Save and S a for Grading BORDO Q Search or type URL 00 ERTY YU 0 Pil takeAssignment Assignment Main.dowoker MakeAssignmentse book Jom the art and a n age Score: 1 ACCOUNTING EQUATION MI Delu 0 ? Depreca ted 11000 " Oct 2 m erytu Lesson Sale of Devery 47000 Dec 31" Depre p Migre elivery truck Deprecation Deverythick 12565.00 Previous Next > Q Search or type URL