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31 Sold an electric truck lift to Stierman Co. for $2,500 cash. The original cost was $7,900 with a ten-year life with a salvage value of $900. Accumulated depreciation recorded through 12/31/21 of $4,550. Blue Ridge utilizes the straightline method for truck-lift assets. Sold plumbing supplies to Swanson Brothers Construction on account, for 522,650 . Dls Ridoe Corooration is a wholesale plumbing supply distributor with the following Chart or AC The corporation was organized in 2014, under the laws of the State of Virginia, with an authorized capitalization of 10,000 shares of no-par common stock with a stated value of $30 per share. Blue Ridge Corporation closes its books annually on December 31 but prepares financial statements quart Adjusting entries are posted to the general ledger only at year-end; at the end of the first, second, and thir quarter the adjustments are entered only on a worksheet, not in the general ledger therefore, the adjusting