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. 2018 January 2 Paid $178,888 cash to purchase a small warehouse building near the airport. The building has an estimated life of 20 years and a residual value of $3,680. July 1 Paid $46,000 cash to purchase a delivery van. The van has an estimated useful life of five years and a residual value of $9,200. October 2 Paid $680 cash to paint a small office in the warehouse building. October 13 Paid $200 cash to get the oil changed in the delivery van. December 1 Paid $85,588 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 Recorded depreciation and amortization on the delivery van, warehouse building, and franchise right. 2019 June 30 Sold the warehouse building for $142,00 cash. (Record the depreciation on the building prior to recording its disposal.) December 31 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.) General Journal Credit No 1 Date Jan 02. 2018 Debit 178,000 Buildings Cash 178,000 Jul 01, 2018 Delivery Expense 48,000 Cash 46,000 3 Oct 02, 2018 Repairs and Maintenance Expense Cash 4 Oct 13, 2018 2001 Repairs and Maintenance Expense | Cash 200 5 Dec 01. 2018 85,500 Franchise Rights Cash 85,500 - 6 Dec 31, 2018 17,800 Depreciation Expense Accumulated Depreciation-Equipment 17.800 7 Jun 30, 2019 8.010 Amortization Expense Franchise Rights 8,010 8 Jun 30, 2019 Depreciation Expense Accumulated Depreciation-Buildings Buildings Dec 31, 2019 Cash Accumulated Depreciation Equipment Amortization Expense Franchise Rights