Im almost done. just a few I don"t understand The following transactions, adjusting entries, and closing entries were completed by Trail Creek 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. 2008 Jan 6 Purchased a used delivery truck for $24000 Paying cash Jan 19 Paid garage $500 for miscellaneous repairs to the truck Dec 31 Recorded depreciation of the truck for the year. The estimated useful life of the truck is four years, with a residual value of the truck of $4000 2009 Jan 2 Purchased a new truck for $69,000 paying cash Aug 1 Sold the used truck for $10250,(Record depreciation to date 2009 for the truck) Oct 24 Paid garage $415 for miscellaneous repairs to the truck Dec 31 Record depreciation of the new truck. The estimated residual value of $15,000 and estimated life of 5 years. 2010 July 1 Purchased a new truck for $70,000, paying cash Oct 1 Sold the truck purchased jan 2, 2009 for $25,000(record deprecation of the year) Dec 31 Record depreciation of the remaining truck. It has an estimated residual value of $18,000 and an estimated useful life of 8 years. Journalize the transactions and the adjusting entries. If an amount box does not require an entry, leave it blank