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please help, use the format from the second and third picture please Acl - preciation schedule for semi-trucks of Whispering Manufacturing Company was requested by
please help, use the format from the second and third picture please
Acl - preciation schedule for semi-trucks of Whispering Manufacturing Company was requested by your auditor soon after December 31. 2026, showing the additions, retirements, depreciation, and other data affecting the income of the company in the 4-year period 2029 to 2026, inclusive. The following data were ascertained. The Accumulated Depreciation-Trucks account previously adjusted to January 1, 2023, and entered in the ledger, had a balance on that date of $33.522 (depreciation on the four trucks from the respective dates of purchase, based on a 5 -year life, no salvage value). No charges had been made against the account before January 1,2023. Transactions between January 1,2023, and December 31, 2026, which were recorded in the ledger, are as follows. July 1,2023 Truck No. 3 was traded for a larger one (No. 5), the agreed purchase price of which was $44,400. Whispering paid the automobile dealer $24,420 cash on the transaction. The entry was a debit to Trucks and a credit to Cash, $24,420. The transaction has commercial substance. Jan. 1,2024 Truck No. 1 was sold for $3,885 cash; entry debited Cash and credited Trucks, $3,885. July 1, 2025 A new truck (No. 6) was acquired for $46.620 cash and was charged at that amount to the Trucks account. (Assume truck No. 2 was not retired) July 1, 2025 Truck No. 4 was damaged in a wreck to such an extent that it was sold as junk for $777 cash. Whispering received $2,775 from the insurance company. The entry made by the bookkeeper was a debit to Cash, $3,552, and credits to Miscellaneous income, $777, and Trucks, $2,775. Entries for straight-line depreciation had been made at the close of each year as follows: 2023, $23,310;2024,$24,975;2025. $27,806; and 2026,$33,744. Per Company Books 7/1/23 Purchase Truck #5 Trade Truck #3 12/31/23 Depreciation 12/31/23 Balances 1/1/24 Sale of Truck \#1 12/31/24 Depreciation 12/31/24 Balances 7/1/25 Purchase of Truck :6 6 7/1/25 Disposal of Truck \#/4 12/31/25 Depreciation 12/31/25 Balances 12/31/26 Depreciation 12/31/26 Balance Step by Step Solution
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