Journalize the transactions and the adjusting entries. If an amount box does not require an entry, leave it blank. Do not round intermediate calculations. Round your final answers to the nearest cent.

Transactions for fixed assets, including sale depreciation is used. Year 1 January 8. Purchased a used delivery truck for $29,400, paying cash. March 7. Paid garage $180 for changing the oil, replacing the oil filter, and tuning the engine on the delivery truck. December 31 . Recorded depreciation on the truck for the fiscal year. The estimated useful life of the truck is 7 years, with a residual value of $6,200 for the truck. Year 2 January 9. Purchased a new truck for $53,460, paying cash. February 28. Paid garage $410 to tune the engine and make other minor repairs on the used truck. April 30. Sold the used truck for $18,150. (Record depreciation to date in Year 2 for the truck.) December 31. Record depreciation for the new truck. It has an estimated residual value of $9,600 and an estimated life of 9 years. Year 3 September 1. Purchased a new truck for $92,000, paying cash. September 4. Sold the truck purchased January 9, Year 2, for \$37,020. (Record depreciation to date for Year 3 for the truck.) December 31. Recorded depreciation on the remaining truck. It has an estimated residual value of $16,600 and an estimated 10 years. Year 1, January 8 March 7 December 31 Year 2, January 9 February 28 April 30 Depreciation April 30 Sale December 31 Year 3, September 1 September 4 Depreciation September 4 Sale December 31