prior to adjustment at the end of the year, the balance in trucks is $313,018 and the balance in accumulated depreciation-trucks is $100,530.

Prior to adjustment at the end of the year, the balance in Trucks is $313,018 and the balance in Accumulated Depreciation --Trucks is $100,530 Details of the subsidiary ledger are as follows Truck No. Cost Accumulated Depreciation at Beginning of Year 1 $78,510 60,618 77.990 95.900 2 Estimated Residual Value Useful Life $14,860 254,600 miles 5,790 304 600 miles 13,670 201,000 miles 23,000 243,000 miles Miles Operated During Year 21,700 miles 33,300 miles 8,200 miles 22,200 miles $13.760 3 61 850 4 24,920 A Determine the depreciation rates per mile and the amount to be credited to the accumulated depreciation section of each of the subsidiary accounts for the miles operated during the current year. B. Journaize the entry on Dec 31 to record depreciation for the year. Refer to the Chart of Accounts for exact wording of account thes A Determine the depreciation rates per mile and the amount to be credited to me accumulated depreciation section of each of the subsidiary accounts for the miles operated during the current year Truck No. Rate per Mile Miles Operated Credit to Accumulated Depreciation S 21.700 s 2 33,300 8.200 4 22 200 Total S B. Journalize the entry on Dec 31 to record depreciation for the year. Refer to the Chart of Accounts for exact wording of accounties PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION Adjusting Entries POST. REF DEBIT CREDIT 1 ASSETS UABILITIES EQUITY 2 3