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The following transactions, adustingentries, and doing entries were completed Legacy Furniture Co a three vean perod aereated totheuse delvery 2012 Jan. 4. Purchased a used

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The following transactions, adustingentries, and doing entries were completed Legacy Furniture Co a three vean perod aereated totheuse delvery 2012 Jan. 4. Purchased a used delivery truck for S2H 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 esimated useful life of de truck is four years, with a residual value of SS,000 for the truck, Jan. 6. Purchased a new truck for $48,000, paying cash. Apr. 1. Sold the used truck for $15eoo, atecord depreciation o date in 2015 the June 11, Paid garage M50 for miscellaneous repairs to the truck. Dec. 3 Record depreciation for the new truck. has an estimated residal value of $9000 and an estimated life of five years. 2014 july 1. Iurchased a new truck for $54.000, paying cash. oct. 2. sold the truck purchased January 6, 2013, for s16,750. ORecord depreciation to date for 2014 for the truck. Dec. 3 Recorded depreciation ning truck. has an estimated residual value of $12,000 and an estimated useful Ise of eight years. an amount bow does not require an entry leave blank. Journalize the transactions and the adusting entries. For a compound transaction

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