Instructions The following transactions and adjusting entries were completed by Legacy Furniture Co during a three year period. Al are related to the use of delivery qument. The double-declining balance method of depreciation Year 1 Jan Nov 2 Dec 31 Purchased a used delivery truck for $28,000, paying cash Paid garage 5635 for miscellaneous repairs to the truck Recorded depreciation on the truck for the year. The estimated a residual value of 54.540 for the truck of the truck years Year 2 Jan 6. Apr 1 June 11. Dec 31 Purchased a new truck for 549,400, paying cash. Sold the used truck for $15,180 (Record depreciation to date in Year 2 for the truck) Paid garage $470 for miscellaneous repairs to the truck. Record depreciation for the new truck. It has an estimated residual value of 59,470 and an estimated life of five years. July 1. Purchased a new truck for $55,400, paying cash