The following transactions and adjusting entries were completed by a paper-packaging company called Gravure Graphics

International. The company uses straight-line depreciation for trucks and other vehicles, double-declining-balance depreciation for buildings, and straight-line amortization for patents

The following transactions and adjusting entries were completed by a paper-packaging company called Gravure Graphics International, The company uses straight-line depreciation for trucks and other vehicies, double declining-tatance depreciation for buldingk and straight-line amortiation for patents. 3anuary 2, aeze pald so4, eve ensh to purchase starage shed conponents. residual value of s?, eve. five yeara and a residoal value of SS, 00 . This whicle is to be recerdes in the Truck account. Kry 1), 2eze pald ssev cas for ninor repairs to the pichup truck's upholitery. July 2,2020 pald $21, ewe cash to purchave potent rights on a new paper bag wanufacturing process. The putent is estinated to have a realining wefol life of five years. Jure se, zeal sole the plckup truck for 311 , eov cash. (hecond the deprecistion on the truck prion to recordine its disposal.) anortizatiob, detereined that the putent was inpaired and wrate off its reainise book value (i.e.., wrote doun the bock vatio te zero). Required: Prepare the joumal entries required on each of the above dates. (if no entry lis required for o transactlon/event, select "No Journal Entry Required" in the first ecceunt field. Do not round Intermedlate calculatlons.)