Journalize the transections and the adjusting entries. If an amount box does not require an entry, leave it bisnk, Do not round intermediate calculations. Round Transactions for Foxed Assets, Including Sale The following transactions and adjusting entries were completed by Legacy Furniture Co. during a three-year period. All are related to the use of delivery equipment. Tr double-declining-balance method of depreciation is used. Year 1 Jan. 4 . Purchased a used delivery truck for $9,600, paying cash. Nov. 2 paid garage $240 for miscellaneous repairs to the truck. Dec. 31 Recorded depreciation on the truck for the year. The estimated useful life of the truck is 4 years, with a residual value of $2,000 for the truck. Year2 Jon. 6 Purchased a new truck for $6,000, paying cash. Apr. 1 Sold the used truck purchased on January 4 of Year 1 for $3,900. (Record depreciation to date in Year 2 for the truck.) June 11 Paid garage $280 for miscellaneous repairs to the truck. Dec. 31 Record depreciation for the new truck. It has an estimated residual value of $1,100 and an estimated 1 fe of 5 years. Year 3 July 1 Purchased a new truck for $84,000, paying cash. Oct. 2 Sold the truck purchased January 6 , Year 2, for $2,320. (Record depreciation to date for Year 3 for the truck.) Dec. 31 Recorded depreciation on the remaining truck purchased on July 1 . It has an estimated residual value of $15,100 and an estimated useful life of eight years: Required: Journalize the transoctions 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. Year 1 3sn4