Instructions Chart of Accounts First Question Journal X Instructions Prior to adjustment at the end of the year, the balance in Trucks is $298,443 and the balance in Accumulated Depreciation-Trucks is $100,380. Details of the subsidiary ledger are as follows: Estimated Miles Operated Accumulated Depreciation at Beginning of Year Truck No. Cost Residual Value Useful Life During Year 1 $80,090 $15,220 249,500 miles 21,300 miles 2 47,144 5,690 296,100 miles $15,040 32,700 miles 3 76,199 13,610 201,900 miles 61,120 8,300 miles 95,010 23,220 239,300 miles 24,220 22,800 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. Round the rate per mile to two decimal places and credit to accumulated depreciation to the nearest dollar. 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. First Question 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 dur current year. Round the rate per mile to two decimal places and credit to accumulated depreciation to the nearest dollar. Truck No. Rate per Mile Miles Operated Credit to Accumulated Depreciation 1 $0.26 21,300 $5,538 2 0.14 32,700 4,578 3 0.31 8,300 4 0.30 22,800 6,840 Total $