Journalizing. Year 1,2&3

dou Year 3 July 1 Purchased a new truck for $4,000, payng cash. Oct.2 Sold the truck purchased Jaruary 6, Year 2, for $16.750. (Record deprecjabion to date for Year 3 for the truck) Dec 31 Recerded depreciation on the temaining truck purchased on July 1 it has an essmated residuat value of $12,000 and an estrmated useful life of eight yesars. Required: Joumaige the transactions and the adfusting entries. Refer to the chart of accounts for the exact wording of the account bles. CNOW journals do not use ines for joumal explanations Every Ane on a journal page is used for debit or credt endies CNow joumals int automaticaly indent a credit entry when a credit amount is entered. CHART OF ACCOUNTS Legacy Furniture Co. General Ledger ASSETS 110 Cast 111 Petty Cash 112 Accounts Receivable 114 interest Receivable 115 Notes Recervable 116 Merchandiae invenory 117 Supplies 119 Prepaid insurance 120 Land 123 Defivery Truck 124 Acoumutaled Depreciabon Detvery Truck 125 Equipment 126 Aocumulated Depreciation-Equipment REVENUE 410 Sales 610 interest Revenue 620 Can on Sale of Deirvery Truck 621 Oan on sale of Equipment EXPENSES 510 Cost of Meichandse Sold 620 Salanes Expense B2.1 Aovertaing Expensen B22 Depreciation Expense-Deivery Truck 623 Deivery Expense 625. Trutk Repar Bipense 620 Eeling Expenses Previous Next Journalize the transactions and the adfusting entries. Scroll down to access pages 2 and 3 of the pocmal. Rofor fo the chart of accounts for the exact woveting of the account toles when a credit amount is entered. Joumalize the Year t transactions and adjusting entries an Page 1 Journake the Year 2 bansoctors and adjusing entries on Page ? Journake the Yew 3 transactons and adusting entries on Page 3