Q2: Following selected transactions are given for Cimera Company; Jan 1 Apr 1 Oct 1 Nov 1 Dec 31 Dec 31 Purchased a truck at a cost of $50,000 and signed a 9-month 10% note to Oliver Company. Traded old computer with new furniture. Old computer has a cost of $5,000; useful life is 5 years and has zero residual value. Accumulated depreciation of computer is $3,000. Company also paid $1,000. New furniture has a market value of $2,500. Company made the ordinary recurring repairs of Truck purchased on Jan 1 and signed 6- month 12% note to Daily Company for $1,000. Paid the maturity value of Oliver's note. Calculate and record depreciation as follows: Truck (acquired on Jan 1) is depreciated by double-declining basis over a five-year life with $8,000 residual value. Furniture (acquired on April 1) is depreciated by straight-line basis over a 4-year life with zero residual value. Made an adjusting entry to accrue interest on Daily Company's note. Requirements: 1. Record the transactions in the Journal of Cimera Company. (7 points each) 2. Show how to calculate amounts. tulator