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could someone provide the correct answers The following transactions and adjusting entries were completed by a local delivery company called Fast Delivery. The company uses

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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. 2018 January 2 paid $185, ese cash to purchase a sall warehouse building near the airport. The building has an estimated 11fe of 20 years and a residual value of 5), Jee. July 1 Paid 553,000 cash to purchase a delivery van. The van has an estimated useful life of five years and a residual value of $10,600. October 2 Paid See cash to paint a small Office in the warehouse building. October 13 Paid $150 cash to get the oil changed in the delivery van. December 1 Paid $75,00 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 Recorded depreciation and anortization on the delivery van, warehouse building and Franchise right. 2019 June 30 sold the warehouse building for $143,000 cash (Record the depreciation on the building prior to recording its disposal.) December 31 Mecorded depreciation on the delivery van and amortization on the franchiset. 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 "No Journal Entry Required" In the first account field. Do not round Intermediate calculations.) Answer is not complete. No Date General Journal 1 Jan 02, 2018 Debit Credit Buildings Cash 185.000 185.000 2 Jul 01. 2018 Equipment Cash 53.000 O 53.000 3 Oct 02. 2018 Repairs and Maintenance Expense 300 > 300 4 Oct 13, 2018 Repairs and Maintenance Expense Cash 150 150 5 Dec 01. 2018 Franchise Rights Cash 75,000 75,000 Dec 31, 2018 74.000 Depreciation Expense Accumulated Depreciation Equipment Depreciation Expense Accumulated Depreciation --Buildings Amortization Expense 74,000 $ 4.240 4.240 x 1.250 4 Oct 13, 2018 Repairs and Maintenance Expense Cash 150 150 5 Dec 01, 2018 Franchise Rights Cash 75.000 0 o 75,000 Dec 31, 2018 74,000 * 74.000 Depreciation Expense Accumulated Depreciation Equlament Depreciation Expense Accumulated Depreciation-Buildings Amortization Expense Franchise Rights 4.240 % 2 9 4.240 1.250 1.250 7 Jun 30, 2010 Depreciation Expense Accumulated Depreciation Buildings 8 Jun 30, 2010 Cash Buildings Dec 31, 2010 Depreciation Expense Accumulated Depreciation Equipment Amortization Expense Franchise Rights

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