Jan. 1, 2019. Purchased a bulldozer for $65,000 cash, $10,000 residual value, 20-year expected life, double-declining-balance amortization. (Record debits first, then credits. Exclude explana journal entries.) Date 2019 Transactions 2019 Jan. 1 Jan. May 1 Purchased a bulldozer for $65,000 cash, $10,000 residual value, 20- year expected life, double-declining-balance amortization. 1 Purchased office furniture for $19,000 cash, $2,000 residual value, 10-year expected life, straight-line amortization. Dec. 31 Recorded amortization on the bulldozer and furniture. May 1, 2019. Purchased office 2020 Jun. 30 Sold the furniture for $15,000 cash. (Record amortization to date for 2020 before selling the furniture.) Dec. 31 Recorded amortization on the bulldozer. May Date Print Done - X