The following transactions and adjusting entries were completed by Gravure Graphics International, a paper-packaging company. The company uses straight-line depreciation for trucks and other vehicles, double-declining-balance depreciation for buildings, and straight-line amortization for patents. Watch the dates carefully as some assets may only be depreciated for the part of the year they were used.

January		2,	2019		Paid $95,000 cash to purchase storage shed components.
January		3,	2019		Paid $5,000 cash to have the storage shed erected; storage shed has an estimated life of ten years and a residual value of $10,000.
April		1,	2019		Paid $38,000 cash to purchase a pickup truck for use in the business; truck has an estimated useful life of five years and a residual value of $8,000.
May		13,	2019		Paid $250 cash for repairs to the pickup truck.
July		1,	2019		Paid $20,000 cash to purchase patent rights on a new paper bag manufacturing process; patent is estimated to have a remaining useful life of five years.
December		31,	2019		Recorded depreciation and amortization on the pickup truck, storage shed, and patent.
June		30,	2020		Sold the pickup truck for $33,000 cash. (Record the depreciation on the truck prior to recording its disposal.)
December		31,	2020		Recorded depreciation on the storage shed; determined that the patent was impaired and wrote off its remaining book value. (i.e., wrote down the book value to zero. You do not need to record depreciation on the patent prior to writing it off.)

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.)

Please do all the required Journal entries!

Journal entry worksheet Paid $95,000 cash to purchase storage shed components. Note: Enter debits before credits. Journal entry worksheet Paid $5,000 cash to have the storage shed erected; storage shed has an estimated life of ten years and a residual value of $10,000. Note: Enter debits before credits. Journal entry worksheet 6 7 8 9 Paid $38,000 cash to purchase a pickup truck for use in the business; truck has an estimated useful life of five years and a residual value of $8,000. Note: Enter debits before credits. Journal entry worksheet 1 2 Paid \$250 cash for repairs to the pickup truck. Note: Enter debits before credits. Journal entry worksheet 1 2 7 8 9 Paid $20,000 cash to purchase patent rights on a new paper bag manufacturing process; patent is estimated to have a remaining useful life of five years. Note: Enter debits before credits. Journal entry worksheet 1 2 Recorded depreciation and amortization on the pickup truck, storage shed, and patent. Note: Enter debits before credits. Journal entry worksheet 1 2 3 4 5 Record the depreciation on the truck at the time of disposal. Note: Enter debits before credits. Journal entry worksheet 1 2 3 4 5 Note: Enter debits before credits. Journal entry worksheet Recorded depreciation on the storage shed; determined that the patent was impaired and wrote off its remaining book value (i.e., wrote down the book value to zero). Note: Enter debits before credits