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Left:0:35:29 Angelina Gibson: Attempt 1 Question 28 (6 points) Mahoney Company had the following transactions involving plant assets during Year 1 and Year 2. Unless otherwise indicated, all transactions were for cash. Prepare the general journal entries to record these transactions. Yearl Jan 2 Purchased a truck for $50,000 plus sales taxes of $3,000 The truck is expected to have a S4,000 salvage value and a 4 year life Paid $1.500 to have the company's logo painted on the truck This did not change the truck's salvage value Recorded straight-line depreciation on the truck Jan 3 Dec 31 Year 2 Paid $5,000 to put a bigger engine un the trock This new engine is expected to make the truck run more etficiently, and will increase the truck's useful life by one year The Jan 5 salvage value remained at $4000 Paid $2.000 to replace a broken tailgate The taulgate ws damaged when a heavy carton was inadvertently dropped on it Recorded straight-line depreciation on the truck Mar 1 Dec 31