Question 12 of 17 View Policies Current Attempt in Progress Presented here are selected transactions for Cullumber Limited for 2018. Cullumber uses straight-line depreciation and records adjusting entries annually. Jan. 1 Sold a delivery truck for $19.430 cash. The truck cost $63,480 when it was purchased on January 1, 2015, and was depreciated based on a four-year useful life with a $5,460 residual value Sept.1 Sold computers that were purchased on January 1, 2016. They cost $11,061 and had a useful life of three years with no residual value. The computers were sold for $460 cash. Dec 30 Retired equipment that was purchased on January 1, 2009. The equipment cost $163,600 and had a useful life of 10 years with no residual value. No proceeds were received. Record the above transactions. (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 for the amounts.) Date Account Titles and Explanation Debit Credit Assume that when the delivery truck was sold on January 1, the accountant only recorded a debit to Cash and a credit to Miscellaneous Revenue. Because of this, also assume that the accountant recorded depreciation on this asset for 2018. What accounts are now overstated or understated as a result of these errors? Miscellaneous Revenue Accumulated Depreciation-Vehicles Vehicles Depreciation Expense Loss on Disposal List of Account