The following transactions and adjusting entries were completed by Legacy Furniture Co$.$ during a $3-$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 $$27,200,$ paying cash.

Nov. $2.$ Paid garage $$630$ for miscellaneous repairs to the truck.

Dec. $31.$ Recorded depreciation on the truck for the year. The estimated useful life of the truck is $4$ years, with

a residual value of $$5,005$ for the truck.

Year $2$

Jan. $6.$ Purchased a new truck for $$49,250,$ paying cash.

Apr. $1.$ Sold the used truck for $$14,670.($Record depreciation to date in Year $2$ for the truck.$)$

June $11.$ Paid garage $$450$ for miscellaneous repairs to the truck.

Dec. $31.$ Record depreciation for the new truck. It has an estimated residual value of $$8,950$ and an estimated

life of $5$ years.

Year $3$

July $1.$ Purchased a new truck for $$53,920,$ paying cash.

Oct. $2.$ Sold the truck purchased January $6,$ Year $2,$ for $$17,125.($Record depreciation to date for Year $3$ for the truck.$)$

Dec. $31.$ Recorded depreciation on the remaining truck. It has an estimated residual value of $$12,945$ and an

estimated useful life of $8$ years.

Required:

Journalize the transactions and the adjusting entries.