Need help on Journalizing the entries
General Joumal 8. The following transactions and adjusting entries were completed by Legacy Furniture Co. during a 3-year period. All are related to the use of delivery equipment. The double-dectining-balance method of depreciation is used. Year 1 Jan. 4. Purchased a used delivery truck for \$26,960, paying cash. Nav, 2. Paid garage $600 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 tesidual value of $5,250 for the truck. Year 2 Jan. 6 . Purchased a new truck for $50,150, paying cash. Apr. 1. Sold the used truck for $14,400. (Record depreciation to date in Year 2 for the truck.) June 11. Paid garage $465 for miscellaneous repairs to the truck. Dec, 31. Record depreciation for the new truck. It has an estimated residual value of $8,850 and an estimated life of 5 years. Year 3 July 1. Purchased a new truck for \$55,520, paying cash. Oct. 2. Sold the truck purchased January 6, Year 2, for $17,473. (Record depreciation to date for Year 3 for the July 1. Purchased a new truck for $55,520, paying cash. Oct. 2. Sold the truck purchased January 6, Year 2 , for $17,473. (Record depreciation to date for Year 3 for the truck.) Dec. 31. Recorded depreciation on the remaining truck. It has an estimated residual value of $12,565 and an estimated useful life of 8 years. Required: Journalize the transactions and the adjusting entries. \begin{tabular}{|c|c|c|c|c|c|c|c|c|} \hline & & & & & & & & PMGE 1 \\ \hline & & & & & & ACC & UNTING EQU & now \\ \hline & Dare & OESCRIPTON & POST FEF. & DERIT & Chrort & ASSITS & LNBumes & tourty \\ \hline & Jan.4 & Delwery Truck & & 26,96000 & I & & & \\ \hline 2 & & Cash & & & 25,96000 & & & \\ \hline 1 & Nov. 2 & Tuck Repair and Maintenance Expense & & 60000 & & & & 4 \\ \hline 4 & & Cash & & & 600.00 & 4 & & \\ \hline 3 & & Adjusting Entries & & & & & & \\ \hline & Dec. 31 & Depreciation Expense-Delivery Truck & & 5,25000 & & & & \\ \hline 7 & & Accumulated Depreciation-Delivery Iruck & & & 5,250.00 & 4 & & \\ \hline \end{tabular}