OK Transactions for Fixed Assets, including 5 The towawang transactions and adjusting wstries were computed by Robinson Furniture Co. during a three year period. All are related to the use of delivery equipment. The double deciring-bacancat method of trecution word Year 1 Jan 8. Purchased a used delivery truck for $47,040, paying cash. Mar. 7. Pald Garage $150 for changing the only replacing the lines, and tuning the engine on the delivery truck, Dec. 31. Recorded depreciation on the truck for the final year. The estimated usefule of the truck has 7 years, with a residual value of $9,900 for the truck Year 2 Jan. 3. Purchased a new truck for 587 480, paying cash Feb 28. Poid garage 6260 to tune the engine and make other minor repairs on the used truck Apr 30. Sold the used truck for 329,050. (Record depreciation to date in Year 2 for the truck) Dec. 11. Hecord deeredation for the new truck. It has an estimated trade-in vue 515,700 and an estimated site of years Year 3 Sept. 1. Purchased a new truck for $93.000, paying cash Sest. 4. Sole the truck purchases wuary 9, Your 2 for $60,940. (Record depreciation to date in Year 3 for the truck.) Dec. Recorded depreciation on the remaining truck. It has an estimated residual value of $15,700 and an estimated when We of 10 year Required: Sourate the transactions and the adjusting entries. I an amount box does not recure an entry, leave it blank. Do not round intermediate atins Round your firat antwers to the nearest cent Delivery Truck 47,97 Cash Year 11 Mar? 10 Truck Repair Expense Cash 150 Dec 31 Depreciation Expense-Delivery Truck Accumulated Depreciation-Dalivery Truck 13.40 Year 2 lan 9 Delivery Truck Cash 7:44 OBOU Cash 87.480 Feb. 28 260 Truck Repair Expense v Cash 260 2,767 X Apr. 30-Deprec. Depreciation Expense-Delivery Truck Accumulated Depreciation-Delivery Truck 2,767 X Apr. 30-Sale Accumulated Depreciation-Delivery Truck 16,207 X Cash 29,050 1.783 X Loss on Sale of Delivery Truck Delivery Truck 47,040 Dec. 31 24.994 X Depreciation Expense-Delivery Truck Accumulated Depreciation-Delivery Truck 24,994 x 93,000 Year 3 Sept. 1 Delivery Truck Cash 99,000 11,902 X Sept. 4-Deprec. Depreciation Expense-Delivery Truck Accumulated Depreciation-Delivery Truck 11,902 X Sept. 4-Sale Cash 60,560 36,896 x Accumulated Depreciation-Delivery Truck Delivery Truck Gain on Sale of Delivery Truck 87,480 9,976 X Dec. 31 6,200 x Depreciation Expense-Delivery Truck Accumulated Depreciation-Delivery Truck 6,200 X Check My Work 1 more Check My Work uses remaining All work saved