eBook Calculator Print Item Transactions for Fixed Assets, including Sale The following transactions and adjusting entries were completed by Robinson Furniture Co. during a three-year period. All are related to the use of delivery equipment. The double declining balance method of depreciation is used. Year 1 Jan. 8. Purchased a used delivery truck for $38,400, paying cash. Mar. 7. Paid garage $200 for changing the oil, replacing the oil filter, and tuning the engine on the delivery truck. Dec. 31. Recorded depreciation on the truck for the fiscal year. The estimated useful life of the truck is 8 years, with a residual value of $8,100 for the tr Year 2 Jan. 9. Purchased a new truck for $44,100, paying cash. Feb. 28. Paid garage $230 to tune the engine and make other minor repairs on the used truck Apr 30. sold the used truck for $25,300 (Record depreciation to date In Year 2 for the truck.) Dec. 31. Record depreciation for the new truck. It has an estimated trade-In value of $7,900 and an estimated life of 7 years. Year 3 Sept. 1. Purchased a new truck for $91,000, paying cash Sept. 4. Sold the truck purchased January 9, Year 2 for $26,000. (Record depreciation to date in Year 3 for the truck.) Dec. 31. Recorded depreciation on the remaining truck. It has an estimated residual value of $16,400 and an estimated useful life of 10 years. Required: Journalize the transactions and the adjusting entries. If an amount box does not require an entry, leave it blank. Do not found intermediate calculations Round your final answers to the nearest cont.