The following transactions and adjusting entries were completed by Legacy Furniture Co. during a three-year period. All are related to the use of delivery equipment. The double-declining-balance method of depreciation is used.

Year 1
Jan. 4	Purchased a used delivery truck for $28,000, paying cash.
Nov. 2	Paid garage $635 for miscellaneous repairs to the truck.
Dec. 31	Recorded depreciation on the truck for the year. The estimated useful life of the truck is four years, with a residual value of $4,640 for the truck.
Year 2
Jan. 6	Purchased a new truck for $49,400, paying cash.
Apr. 1	Sold the used truck purchased on January 4 of Year 1 for $15,180. (Record depreciation to date in Year 2 for the truck.)
June 11	Paid garage $470 for miscellaneous repairs to the truck.
Dec. 31	Recorded depreciation for the new truck. It has an estimated residual value of $9,470 and an estimated life of five years.
Year 3
July 1	Purchased a new truck for $55,400, paying cash.
Oct. 2	Sold the truck purchased January 6, Year 2, for $17,498. (Record depreciation to date for Year 3 for the truck.)
Dec. 31	Recorded depreciation on the remaining truck purchased on July 1. It has an estimated residual value of $12,955 and an estimated useful life of eight years.

Required:

Journalize the transactions and the adjusting entries. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.