Solve

Instructions Chart of Accounts General Journal Chart of Accounts 124 Accumulated Depreciation-Delivery Truck 125 Equipment 126 Accumulated Depreciation-Equipment 130 Mineral Rights 131 Accumulated Depletion 132 Goodwill 133 Patents LIABILITIES 210 Accounts Payable 211 Salaries Payable 213 Sales Tax Payable 214 Interest Payable 215 Notes Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends 523 Delivery Expense 525 Truck Repair and Maintenance Expense 529 Selling Expenses 531 Rent Expense 532 Depreciation Expense-Equipment 533 Depletion Expense 534 Amortization Expense-Patents 535 Insurance Expense 536 Supplies Expense 539 Miscollaneous Expense 710 Interest Expense 720 Loss on Sale of Delivery Truck 721 Loss on Sale of Equipment The following transactions and adjusting entries were compleled by Legacy Fumiture Co during a 3-year period. All are related to the use of delivery equipenent. The double-declining-batance method of depreciation is used. Journalize the Year 2 transactions and adjusting entries on Page 2. Journalize the Year 3 transactions and adjusting entries on Page 3. Instructions Chart of Accounts Goneral Joumal Chart of Accounts CHART OF ACCOUNTS Legacy Furniture Co. General Ledger ASSETS 110 Cash 111 Petty Cash 112 Accounts Receivable 114 Interest Recelvable 115 Notes Receivable 116 Merchandise Inventory 117 Supplies 119 Prepaid Insurance 120 Land 123 Delivery Truck 124 Accumulated Depreciation-Delivery Truck 125 Equipment 126 Accumulated Depreciation-Equipment 130 Mineral Rights 131 Accumulated Depletion REVENUE 410 Sales 610 Interest Revenue 620 Gain on Sale of Delivery Truck 621 Gain on Sale of Equipment EXPENSES 510 Cost of Merchandise Sold 520 Salaries Expense 521 Advertising Expense 522 Depreciaton Expense-Delivery Truck 523 Delivery Expenso 525 Truck Repair and Maintenance Expense 529 Solling Expenses 531 Rent Expense 532. Depreciation Expense-Equipment Creck My Work Joumalize the Year t transections and adjusting entries on Page 1. Joumalie the Yoar 2 transactions and adpusting entries on Page 2 Joumalize the Year 3 transactions and adfusting entries on Page 3