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Please, explain what to put in the empty boxes and how to calculate it. Your answer is partially correct. Try again. Situation 2: Bonita Limited

Please, explain what to put in the empty boxes and how to calculate it.

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Your answer is partially correct. Try again. Situation 2: Bonita Limited acquired a truck to deliver and install its specialized products at the customer's site. The vehicle's list price was $40,000, but customization added another $9,000 in costs. Bonita took delivery of the truck on September 30, 2017, with a down payment of $4,500, signing a four-year, 8% note for the remainder, payable in equal payments of $12,901 beginning September 30, 2018. w the truck to be usd when a concret curance company Bonita expected the truck to be usable for 500 deliveries and installations. After that, the product's technology would have changed and made the vehicle obsolete. In late July 2020, the truck was destroyed when a concrete garage collapsed. Bonita used the truck for 45 deliveries in 2017, 125 in 2018, 134 in 2019, and 79 in 2020. The company received a cheque for $10,500 from the insurance company and paid what remained on the note. emained on the overies in 2017, 125 changed and made Click here to view the factor table. Prepare all entries that are needed to record the events and activities related to the truck, including the depreciation expense on the truck each year. Assume that Bonita uses an activity approach to depreciate the truck, and bases it on deliveries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Round factor values to 5 decimal places, e.g. 5.27515 and final answers to O decimal places, e.g. 5,275. Round depreciation rate per delivery to o decimal places, e.g. 15.) to depreciate the truck, select "No Entry" 105.575. Round depreciati 2017: Date Account Titles and Explanation Debit Credit September 30 Trucks 47230 Cash 4500 Notes Payable 42730 December 31 Interest Expense 8558 Interest Payable 8558 (To record interest expense) December 31 Depreciation Expense 4230 Accumulated Depreciation - Trucks 4230 (To record depreciation expense) 2018: Date Account Titles and Explanation Debit Credit September 30 Interest Expense 2564 Interest Payable Notes Payable Cash December 31 Interest Expense Interest Payable 665 (To record interest expense) December 31 Depreciation Expense 117501 Accumulated Depreciation - Trucks 11750 (To record depreciation expense) 2019: Date Account Titles and Explanation Credit Debit RRRRRRRRRRR... 1996 September 30 Interest Expense rest Expense t Payable Interest Payable Notes Payable Cash December 31 Interest Expense 460 Interest Payable 460 (To record interest expense) December 31 Depreciation Expense 12596 Accumulated Depreciation - Trucks 125965 (To record depreciation expense) 2020: Date Account Titles and Explanation Debit Credit July 31 Depreciation Expense 7426 Accumulated Depreciation - Trucks 7426 (To record depreciation expense) July 31 Cash 10500 X Accumulated Depreciation - Trucks 36002 XERERE Loss on Disposal of Truck Trucks (To record disposal of truck) July 31 Interest Expense 10748 Interest Payable Notes Payable Cash (To record interest expense on note payable) Your answer is partially correct. Try again. Situation 2: Bonita Limited acquired a truck to deliver and install its specialized products at the customer's site. The vehicle's list price was $40,000, but customization added another $9,000 in costs. Bonita took delivery of the truck on September 30, 2017, with a down payment of $4,500, signing a four-year, 8% note for the remainder, payable in equal payments of $12,901 beginning September 30, 2018. w the truck to be usd when a concret curance company Bonita expected the truck to be usable for 500 deliveries and installations. After that, the product's technology would have changed and made the vehicle obsolete. In late July 2020, the truck was destroyed when a concrete garage collapsed. Bonita used the truck for 45 deliveries in 2017, 125 in 2018, 134 in 2019, and 79 in 2020. The company received a cheque for $10,500 from the insurance company and paid what remained on the note. emained on the overies in 2017, 125 changed and made Click here to view the factor table. Prepare all entries that are needed to record the events and activities related to the truck, including the depreciation expense on the truck each year. Assume that Bonita uses an activity approach to depreciate the truck, and bases it on deliveries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Round factor values to 5 decimal places, e.g. 5.27515 and final answers to O decimal places, e.g. 5,275. Round depreciation rate per delivery to o decimal places, e.g. 15.) to depreciate the truck, select "No Entry" 105.575. Round depreciati 2017: Date Account Titles and Explanation Debit Credit September 30 Trucks 47230 Cash 4500 Notes Payable 42730 December 31 Interest Expense 8558 Interest Payable 8558 (To record interest expense) December 31 Depreciation Expense 4230 Accumulated Depreciation - Trucks 4230 (To record depreciation expense) 2018: Date Account Titles and Explanation Debit Credit September 30 Interest Expense 2564 Interest Payable Notes Payable Cash December 31 Interest Expense Interest Payable 665 (To record interest expense) December 31 Depreciation Expense 117501 Accumulated Depreciation - Trucks 11750 (To record depreciation expense) 2019: Date Account Titles and Explanation Credit Debit RRRRRRRRRRR... 1996 September 30 Interest Expense rest Expense t Payable Interest Payable Notes Payable Cash December 31 Interest Expense 460 Interest Payable 460 (To record interest expense) December 31 Depreciation Expense 12596 Accumulated Depreciation - Trucks 125965 (To record depreciation expense) 2020: Date Account Titles and Explanation Debit Credit July 31 Depreciation Expense 7426 Accumulated Depreciation - Trucks 7426 (To record depreciation expense) July 31 Cash 10500 X Accumulated Depreciation - Trucks 36002 XERERE Loss on Disposal of Truck Trucks (To record disposal of truck) July 31 Interest Expense 10748 Interest Payable Notes Payable Cash (To record interest expense on note payable)

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