The following transactions, adjusting entries, and closing entries were completed by Legacy Furniture Co during a three year period All are related to the use of delivery equipment The double declining balance method of depreciation is used 2014 Jan 4 Purchased a used delivery truck for $28,000, paying cash Nov 2 Paid garage $675 for miscellaneous repairs to the truck Dec 31 Recorded depreciation on the truck for the year The estimated useful life of the truck is four years, with a residual value of $5,000 for the truck 2015 Jan 6 Purchased a new truck for $48,000, paying cash Apr 1 Sold the used truck for $15,000 (Record depreciation to date in 2015 for the truck ) June 11 Paid garage $450 for miscellaneous repairs to the truck Dec 31 Record depreciation for the new truck It has an estimated residual value of $9,000 and an estimated life of five years 2016 July 1 Purchased a new truck for $54,000, paying cash Oct 2 Sold the truck purchased January 6, 2015, for $16,750 (Record depreciation to date for 2016 for the truck ) Dec 31 Recorded depreciation on the remaining truck It has an estimated residual value of $12,000 and an estimated useful life of eight years Journalize the transactions and the adjusting entries Refer to the Chart of Accounts for exact wording of account titles Be sure to include the YEAR in the date for the FIRST transaction on each page Journalize the transactions and the adjusting entries Refer to the Chart of Accounts for exact wording of account titles Scroll down to access pages 2 and 3 of the journal Be sure to include the YEAR in the date for the FIRST transaction on each page Journalize the 2014 transactions and adjusting entries on Page 1 Be sure to include the YEAR in the date for the FIRST transaction in PAGE 1 JOURNAL Score 76 76 DATE DESCRIPTION POST REF DEBIT CREDIT 1Jan 4, 2014 Delivery Truck 28,000 00 Cash 28,000 00 3Nov 2 2014 Truck Repair Expense 675 00 Cash 675 00 Adjusting Entries 6 Dec 31, 2014 Depreciation Expense Delivery Truck 14,000 00 Accumulated Depreciation Delivery Truck 14,000 00 Points 15 15

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The following transactions, adjusting entries, and closing entries were completed by Legacy Furniture Co. during a three-year period. All are related to the use of

The following transactions, adjusting entries, and closing entries were completed by Legacy Furniture Co. during a three-year period. All are related to the use of delivery equipment. The double-declining-balance method of depreciation is used.

2014
Jan. 4.	Purchased a used delivery truck for $28,000, paying cash.
Nov. 2.	Paid garage $675 for miscellaneous repairs to the truck.
Dec. 31.	Recorded depreciation on the truck for the year. The estimated useful life of the truck is four years, with a residual value of $5,000 for the truck.
2015
Jan. 6.	Purchased a new truck for $48,000, paying cash.
Apr. 1.	Sold the used truck for $15,000. (Record depreciation to date in 2015 for the truck.)
June 11.	Paid garage $450 for miscellaneous repairs to the truck.
Dec. 31.	Record depreciation for the new truck. It has an estimated residual value of $9,000 and an estimated life of five years.
2016
July 1.	Purchased a new truck for $54,000, paying cash.
Oct. 2.	Sold the truck purchased January 6, 2015, for $16,750. (Record depreciation to date for 2016 for the truck.)
Dec. 31.	Recorded depreciation on the remaining truck. It has an estimated residual value of $12,000 and an estimated useful life of eight years.

Journalize the transactions and the adjusting entries. Refer to the Chart of Accounts for exact wording of account titles. Be sure to include the YEAR in the date for the FIRST transaction on each page.

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Journalize the transactions and the adjusting entries. Refer to the Chart of Accounts for exact wording of account titles. Scroll down to access pages 2 and 3 of the journal. Be sure to include the YEAR in the date for the FIRST transaction on each page Journalize the 2014 transactions and adjusting entries on Page 1. Be sure to include the YEAR in the date for the FIRST transaction in PAGE 1 JOURNAL Score: 76/76 DATE DESCRIPTION POST. REF DEBIT CREDIT 1Jan. 4, 2014 Delivery Truck 28,000.00 Cash 28,000.00 3Nov. 2. 2014 Truck Repair Expense 675.00 Cash 675.00 Adjusting Entries 6 Dec. 31, 2014 Depreciation Expense-Delivery Truck 14,000.00 Accumulated Depreciation-Delivery Truck 14,000.00 Points: 15 /15