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Regional Highway Transport is a large trucking company. Regional Highway Transport uses the units of production (UOP) method to tii depreciate its trucks In 2015,

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Regional Highway Transport is a large trucking company. Regional Highway Transport uses the units of production (UOP) method to tii depreciate its trucks In 2015, Regional Highway Transport acquired a Mack truck costing $410,000 with a useful life of 10 years or e 1,250,000 miles Estimated residual valuo was $10,000. The truck was driven 82,000 miles in 2015, 122,000 miles in 2016, and 137,000 miles in 2017 After 10,000 miles in 2018, Regional Highway Transport traded in the Mack truck for a new Freightliner that cost $432,680 Regional Highway Transport received a $302,680 trade-in allowance for the old truck and paid the difference in cash. Journalize the entry to record the purchase of the new truck (Round interim calculations to the nearest cent and your final answer to the nearest dollar. Record debits first, then credits Exclude explanations from journal entries) Journal Entry Accounts Debit Credit onDate 2018

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