The following transactions and adjusting entries were completed by Legacy Furniture Co. during a 3-year period. All are related to the use of deivery equipment. Th double=decliningtbalance method of depreciation is used. 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. It has an estimated residual value of $12,955 and an estimated useful life of 8 years. Required: Joumalize the transactions and the adjusting entries. Chart of Accounts CHART OF ACCOUNTS Legacy Furniture Co. General Ledger ASSETS REVENUE 110 Cash 410 Sales 111 Petty Cash 610 Interest Revenue 112 Accounts Receivable 620 Gain on Sale of Delivery Truck 114 Interest Receivable 621 Gain on Sale of Equipment 115 Notes Receivable 116 Merchandise Inventory EXPENSES 117 Supplies 510 Cost of Merchandise Sold 119 Prepaid Insurance 520 Salaries Expense 120 Land 521 Advertising Expense 123 Delivery Truck 522 Depreciation Expense-Delivery Truck 124 Accumulated Depreciation-Delivery Truck 523 Delivery Expense 125 Equipment 525 Truck Repair and Maintenance Expense 126 Accumulated Denreciation-Enuinment 529 Sellina Expenses Chart of Accounts 130 Mineral Rights 531 Rent Expense 131 Accumulated Depletion 532 Depreciation Expense-Equipment 132 Goodwill 533 Depletion Expense 133 Patents 534 Amortization Expense-Patents 535 Insurance Expense LIABILITIES 536 Supplies Expense 210 Accounts Payable 539 Miscellaneous Expense 211 Salaries Payable 710 Interest Expense 213 Sales Tax Payable 720 Loss on Sale of Delivery Truck 214 Interest Payable 721 Loss on Sale of Equipment 215 Notes Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends Joumalize the transactions and the adjusting entries. Scrol down to access pages 2 and 3 of the joumat. General doumal instnictions Joumalize the Year 1 transactions and adjusting entries on Page f. Journalize the Year 2 transactions and adiusting entries on Page 2. Joumalize the Yoar 3 transactions and adjusting entries on Page 3