journalize the transaction and the adjusting entries.

Jan. 8. Purchased a used delivery truck for $48,600, paying cash Mar. 7. Paid garage $210 for changing the oil, replacing the oil rite, and tuning the engine on the delivery truck. Dec. 31. Recorded depreciation on the truck for the fiscal year. The estimated useful life of the truck is 9 years, with a residual value of $10,200 for the truck. Year 2 Jan. 9. Purchased a new truck for $55,860, paying cash. Feb. 28. Paid garage $410 to tune the engine and make other minor repairs on the used truck. Apr. 30. Sold the used truck for $33,600. (Record depreciation to date in Year 2 for the truck.) Dec. 31. Record depreciation for the new truck. It has an estimated trade-in value of $10,100 and an estimated life of 7 years Sept. 1. Purchased a new truck for $83,000, paying cash. Sept. 4. Sold the truck purchased January 9, Year 2, for $34,000. (Record depreciation to date in Year 3 for the truck.) Dec. 31. Recorded depreciation on the remaining truck. It has an estimated residual value of $14,900 and an estimated useful life of 10 years