Instructions Chart of Accounts First Question Journal Instructions Prior to adjustment at the end of the year, the balance in Trucks is $208,988 and the balance in Accumulated Depreciation-Trucks is $101,200. Details of the subsidiary ledger are as follows: Estimated Accumulated Depreciation at Miles Operated Truck No. Cost Residual Value Useful Life Beginning of Year During Year 1 $85,360 $14,940 251,500 miles 20,400 miles 2 51,100) 6,040 300,400 miles $14,930 32,500 miles 3 76,450 13,830 202,000 miles 61.330 8,100 miles 4 86,078 22,520 235,400 miles 24,940 22,300 miles A. Determine the depreciation rates per mile and the amount to be credited to the accumulated depreciation section of each of the subsidiary accounts for the miles operated during the current year. B. Journalize the entry on Dec. 31 to record depreciation for the year. Refer to the Chart of Accounts for exact wording of account titles A. Determine the depreciation rates per mile and the amount to be credited to the accumulated depreciation section of each of the subsidiary accounts for the miles operated during the current year. Truck No. Rate per Mile Miles Operated Credit to Accumulated Depreciation 1 $ 20,400 2 32,500 3 8,100 22,300 4 $ Total Journal 4. B. Journalize the entry on Dec. 31 to record depreciation for the year. Refer to the Chart of Accounts for exact wording of account titles 2 3 DATE DESCRIPTION Adjusting Entries PAGE 1 JOURNAL ACCOUNTING EQUATION POST. REF DEBIT CREDIT ASSETS UANLITIES EQUITY