The following transactions and adjusting entries were completed by a local delivery company called Fast Delivery. The company uses straight-line depreciation for delivery vehicles, double-declining-balance depreciation for buildings, and straight-line amortization for franchise rights. January 2, 2020 Paid $179,000 cash to purchase a small warehouse building near the airport. The building has an estimated life of 20 years and a residual value of $3,700. July 1, 2020 Paid $47,000 cash to purchase a delivery van. The van has an estimated useful life of five years and a residual value of $9,400. October 2, 2020 Paid $700 cash to paint a small office in the warehouse building. October 13, December 1, 2020 Paid $100 cash to get the oil changed in the delivery van. 2020 Paid $84,000 cash to UPS to begin operating Fast Delivery business as a franchise using the name The UPS Store. This franchise right expires in five years. December 31, 2020 Recorded depreciation and amortization on the delivery van, warehouse building, and franchise right. June 30, 2021 Sold the warehouse building for $143,000 cash. (Record the depreciation on the building prior to recording its disposal.) December 31, 2021 Recorded depreciation on the delivery van and amortization on the franchise right. Determined that the franchise right was not impaired in value. Required: Prepare the journal entries required on each of the above dates. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) No Date General Journal Debit Credit January 02, 1 Buildings 179,000 2020 Cash 179,000 2 July 01, 2020 Vehicles Cash 47,000 47,000 3 October 02, 2020 Repairs and Maintenance Expense Cash 700 700 4 October 13, 2020 Repairs and Maintenance Expense 100 Cash 100 5 December 01, 2020 Franchise Rights Cash 84,000 84,000 6 December 31, 2020 Depreciation Expense 25,420 Amortization Expense 16,800 Accumulated Depreciation-Buildings 17,900 Accumulated Depreciation-Vehicles Accumulated Amortization 7,520 16,800 7 June 30, 2021 Depreciation Expense 32,220 Accumulated Depreciation-Buildings 32,220 8 June 30, 2021 Cash 143,000 Accumulated Depreciation-Buildings 13,147 Loss on Disposal of PPE 36,000 Buildings 179,000 December 31, 9 2021 Depreciation Expense 9 December 31, 2021 Depreciation Expense Amortization Expense Accumulated Depreciation-Vehicles Accumulated Amortization