eBook Transactions for fixed assets, including sale Instructions Journal Chart of Accounts Instructions The following transactions and adjusting entries were completed by Legacy Furniture Co. during a three-year period. All are related to the use of delivery eg used Year 1 Jan. 4 Nov. 2 Purchased a used delivery truck for $28,400, paying cash. Paid garage $750 for miscellaneous repairs to the truck Recorded depreciation on the truck for the year. The estimated useful life of the truck is four years, with a testual value of $5,265 for the truck Ded: 31 Year 2 Jana Apet June 11 Purchased a new truck for $40.700. paying cash Sold the used truck for $15.140. (Record depreciation to date in Yew 2 for the truck.) Paid garage 5475 for miscellaneous repairs to the truck Record depreciation for the new truck. It has an estimated residual value of $8,705 and an estimated He of five years Dec. 31 Year a July 1 Oct 2 Purenased a new truck for 353 240, paying cash Sold the truck purchased January 9, Year 2 for $17,304. Record depreciation to date for Year 2 for the Vuck) Recorded depreciation on the remaining truck. It has an estimated residual value of $11.025 and an estimated use of ght years Dec. 31 Check My Work All work saved eBook ACCOUNTING EQUATION JOURNAL EQUITY CREDIT ASSETS LITICS POST DET DATE UTION 1 1 1 Adjusting Entries Journalze the Year 2 bacon and acting the on Page 2 WE ACCOUNTING EQUATION JOU AWET bo DOCTO Ched: My Wk eBook 11 Journalce the Year 3 transactions and adjusting entries on Page 3 PAGE 3 ACCOUNTING EQUATION JOURNAL LABLE COUTY CREDIT ASSETS DESCRIPTION POST DENT DATE 2 3 Ched My Work All work sared masin