Help Save & Exit Submit o Check my work PA9-4 (Algo) Recording Transactions and Adjustments for Tangible and Intangible Assets [LO 9-1, LO 9. 2. LO 9-3, LO 9-4, LO 9-5, LO 9-6) The following transactions and adjusting entries were completed by a paper packaging company calied Gravure Graphics International. The company uses straight line depreciation for trucks and other vehicles, double declining balance depreciation for buildings and straight line amortization for patents. January 3, 2020 Faid 09,00 cash to purchase the January 3, 2030 Fold $6.000 cash to have the store the read. The Morage shed tutte le of years. restal value of $9.000 April 1, 2010 Paid $32,000 cach to purchase pickup trick for use in the business the trusted life Five years and residual value of $7, This wall is to be recorded in the Truck May 13, 2020 Paid 5200 cach for winor rains to the pickup truck's watery July 1, 2020 Fald 526.000 cath to purchase pentru cacturing process. The putt ist have ring wol life of five years Dri, acorde depreciation mortization on the pic trust, strah, June 30, 2031 Sold the truth for $27,00 cash (lucard the depreciation on the truck or to recording til) December 31, 2021 Seconde depreciation on the store shed. Recorded the pantation after reading the mortisation durined that the patiews Lapsired and write off its role wte the book value to tera). Required: Prepare the journal entries required on each of the above dates of no entry is required for a transaction event, select "No Journal Entry Required in the first account field. Do not round Intermediate calculations.) View action 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.) View transaction list Journal entry worksheet Record the purchase of storage shed components for $89,000. Note Enter der before on General Journal Date January 02, 2020 Debit Credit points View transaction list ebook Journal entry worksheet Print 1 3. 3 4 5 6 7 8 12 Record the payment of $6,000 to have the storage shed erected. Note Enter debits before credits Date General Journal Debit Credit January 03, 2020 10 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 found intermediate calculations.) 9.09 points View transactions BOOK Journal entry worksheet 3 1 4 5 6 7 8 12 > Record the purchase of a pickup truck for $32,000. Note: Enter det before credits General Journal Date April 01.2020 Debit Credi 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.) 9.09 boints View transaction list Book Print Journal entry worksheet Record the depreciation for the truck up to the date of sale. intet Enter debit before credits General Journal Debit Credit Date June 30, 2021 Check my work 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.) View transaction ist Journal entry worksheet Record the sale of the truck for $27,000 cash NORO: Enter debits before credits General Journal Debit Credit Date June 30, 2021 Ch 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.) View transaction ist Journal entry worksheet 5 > Record the Patent Amortization expense for the full year. Note: Enter debits before credits Date General Journal Debit Credit December 31, 2021 10 Check my 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.) View transaction list ON Journal entry worksheet TIT 5 8 9 10 11 12 Record the reversal of the accumulated amortization of patents. Note: Enter det it before credits Date General Journal Debit Credit December 31, 2021 10 Ched 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.) View transaction ist tock Journal entry worksheet rut