M ail eBook Calculator Transactions for fixed assets, including sale Chart of Accounts Journal Instructions 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. The double-decining balance method of depreciation is used Year 1 Jan. 4 Nov. 2 Dec 31 Purchased a used delvery truck for $29,200, paying cash. Paid garage $650 for miscellaneous repairs to the truck Recorded depreciation on the truck for the year. The estimated useful life of the truck is four years, with a residual value of $4,506 for the truck Year 2 Jan. 6 Apr. 1 Purchased a new truck for $19,900, paying cash Bold the used truck purchased on Jan 4 of Year 1 for $15.710. (Record depreciation to date in Year 2 for the truck.) Paid garage 5495 for miscellaneous repairs to the truck Recorded depreciation for the new truck. It has an estimated residual value life of five years June 11 Dec. 31 of $8.790 and an estimated Purchased a new truck for $55,320, paying cash the purchased January 6, Year 2 for $17,708. (Record depreciation to date for Year for the o Previous Next > Edi tor Save and Submit Assignment for Grading life of five years. Year 3 July 1 Oct. 2 Purchased a new truck for $55,320, paying cash. Sold the truck purchased January 6, Year 2, for $17,708. (Record depreciation to date for Year 3 for the truck.) Recorded depreciation on the remaining truck purchased on July 1. It has an estimated residual value of $11,715 and an estimated useful life of eight years. Dec. 31 Journalize the transactions and the adjusting entries. Refer to the Chart of Accounts for exact wording of account titles. k My Work All work saved. Email Instructor Journal Instructions Chart of Accounts Journal Joumatre the Yhar 1 transactions and adjusting entries ACCOUNTING EQUATION LILITIES EQUITY Adjusting Entries Check My Work Previous Next All work saved Email Instructor Save and Ext Submit Assignment for Gra eBook Calculator Transactions for fixed assets, including sale Instruction Chart of Accounts Journal Journal ACCOUNTING EQUATION CREDIT ASSETS LIABILITIES EQUITY Adjusting Entries Check My Work Previous Next > unter Save and Exit Submit Assignment for Grading Journal Journal Journalize the Year 3 transactions and adjusting entries on Page 3 JOURNAL ACCOUNTING EQUATION DESCRIPTION ASSETS LIABILITIES EQUITY Adjusting Entries Check My Work Previous Ne All work saved. Email Instructor Save and Exit Submit Assignment for