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Instructions Prior to adjustment at the end of the year, the balance in Trucks is $293,507 and the balance in Accumulated Depreciation-Trucks is $103,310. Details

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Instructions Prior to adjustment at the end of the year, the balance in Trucks is $293,507 and the balance in Accumulated Depreciation-Trucks is $103,310. Details of the subsidiary ledger are as ollows: Estimated Accumulated Depreciation at Miles Operated During Year Truck No. Cost Residual Value Useful Life Beginning of Year 21,100 miles 33,900 miles 7900 miles $77,060 53,604 75,428 $14,710 5,540 12,870 249,400 miles 300,400 miles 201,800 miles $14,980 62,070 22,300 miles 22,210 241,500 miles 26,260 87,415 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 tles A Determine the depreciation rates per mile and the amount to be current year credited to the accumulated depreciation section of each of the subsidiary accounts for the miles operated during the Rate per Mile Miles Operated 21,100 33,900 7,900 22,300 Credit to Accumulated Depreciation Truck No. Total Journal B. Jounalize the entry on Dec. 31 to record depreciation for the year. Refer to the Chart of Accounts for exact wording of account tiles. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE POST. REF DERIT CRECIT ASSETS LIABILITIES EQUITY Adjusting Entries

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