Carla Vista Ltd. (CVL) is a medical equipment supply company that sells, installs, and services a variety of mobility aid equipment. CVL was founded in 2021 and has seen significant growth since then. CVL's bookkeeper retired in July, and her replacement has asked for your assistance in recording the following transactions from the month of August 2024. Regular entries: Aug. 1CVL purchased a new delivery truck for $86,400, paying $48,000 cash and financing the balance using a note payable at 2% per annum. The note payable is due in 12 months, and interest on the note must be paid on the first day of every month, beginning on September 1, 2024. CVL's management has determined that the truck will have a useful life of six years and a residual value of $17,280. 1CVL paid $4,590 for an insurance policy on the new truck for the period August 1, 2024, to December 31, 2025. 6CVL sold $34,560 of medical equipment, of which 50% was on account and the balance was cash. The cost to CVL of the products sold was $12,000. 13 The company purchased inventory on credit at a cost of $15,360. 20 Golden Years Retirement Group (Golden), one of CVL's largest customers, signed an equipment installation and service contract with CVL. The contract runs from September 1,2024, to August 30, 2025, and will mean that CVL services all of Golden's medical equipment. In accor dance with the contract terms, Golden paid CVL $9,600, representing four months' service revenue under the contract. 30 CVL paid dividends in the amount of $24,000, which had been declared by the board (and recorded) in July 2024. Adjusting entries: Aug. 31 CVL made the necessary month-end adjusting entry related to the insurance policy. 31CVL made the necessary month-end adjusting entry related to the depreciation of the new delivery truck. 31 CVL made the necessary month-end adjusting entry related to the interest on the note payable. Carla Vista Ltd. (CVL) is a medical equipment supply company that sells, installs, and services a variety of mobility aid equipment. CVL was founded in 2021 and has seen significant growth since then. CVL's bookkeeper retired in July, and her replacement has asked for your assistance in recording the following transactions from the month of August 2024. Regular entries: Aug. 1CVL purchased a new delivery truck for $86,400, paying $48,000 cash and financing the balance using a note payable at 2% per annum. The note payable is due in 12 months, and interest on the note must be paid on the first day of every month, beginning on September 1, 2024. CVL's management has determined that the truck will have a useful life of six years and a residual value of $17,280. 1CVL paid $4,590 for an insurance policy on the new truck for the period August 1, 2024, to December 31, 2025. 6CVL sold $34,560 of medical equipment, of which 50% was on account and the balance was cash. The cost to CVL of the products sold was $12,000. 13 The company purchased inventory on credit at a cost of $15,360. 20 Golden Years Retirement Group (Golden), one of CVL's largest customers, signed an equipment installation and service contract with CVL. The contract runs from September 1,2024, to August 30, 2025, and will mean that CVL services all of Golden's medical equipment. In accor dance with the contract terms, Golden paid CVL $9,600, representing four months' service revenue under the contract. 30 CVL paid dividends in the amount of $24,000, which had been declared by the board (and recorded) in July 2024. Adjusting entries: Aug. 31 CVL made the necessary month-end adjusting entry related to the insurance policy. 31CVL made the necessary month-end adjusting entry related to the depreciation of the new delivery truck. 31 CVL made the necessary month-end adjusting entry related to the interest on the note payable