Exercise 253 Janus Coat Company purchased a delivery truck on June 1 for $30,000, paying $10,000 cash and signing a 6 %, 2-month note for the remaining balance. The truck monthly financial statements. expected to depreciate 5 ,000 each vear, Janus Coat Company prepares XYour answer is incorrect. Try again. record the acquisition of the delivery truck June 1st (a) Use the tabular summary below (b) Enter any adjustments that should be made on June 30th, using the tabular summary for amounts.) 45 or parentheses e.g. (45), Do not leave any answer field blank, Enter Liabilities (Enter negative amounts using either a negative sign preceding the number e.q. Assets Equipment Stockholders' Equity Accum. Depr. Equip - Expenses Cash Int. Payable t Notes Payable - (a) June 1 (b) June 30 Dept. Expenses x June 30, Int. Expenses Your answer is partially correct. Iry again. Show how the delivery truck ill be reflected on Janus Coat Company's ba lance sheet on June 30th, Janus Coat Company's Balance Shet Assets Depreciation Expense 500 Less: Accumulated Depreciation-Equipment 500 f5 user Question Attempts: 1