Record journal entries for the following transactions you have entered into during the month of August: On August 1st, you purchase a truck (Vehicles account) for $12,000 by issuing a note payable for two years, carrying an interest rate of 5%. (Ignore interest calculations in this module). The truck has a residual value of 2,000 at the end of two years, and is depreciated using the units of production method. The estimated useful life of the truck in units is 200,000 miles. Record the purchase of the truck. Assuming the mileage on the truck for August was 10,000 miles, also record depreciation expense for the month of August. On August 15th, you purchase a freezer (Equipment account) for $18,000 cash. The freezer has a useful life of 3 years, zero residual value, and is depreciated using the straight line method. Record the purchase of the freezer and partial month depreciation for August. The truck needed an oil change and this was done on August 18th for $250 and immediately paid in cash. Record this transaction making sure that you understand whether it should be expensed or capitalized. You can use the account Repairs and Maintenance to expense it, or Vehicles account if you capitalize it