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 $28,400, paying cash.
Nov. 2.	Paid garage $750 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 $5,265 for the truck.
Year 2
Jan. 6.	Purchased a new truck for $49,700, paying cash.
Apr. 1.	Sold the used truck for $15,140. (Record depreciation to date in Year 2 for the truck.)
June 11.	Paid garage $475 for miscellaneous repairs to the truck.
Dec. 31.	Record depreciation for the new truck. It has an estimated residual value of $8,795 and an estimated life of five years.
Year 3
July 1.	Purchased a new truck for $53,240, paying cash.
Oct. 2.	Sold the truck purchased January 6, Year 2, for $17,394. (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 $11,025 and an estimated useful life of eight years.

Journalize the transactions and the adjusting entries. Refer to the Chart of Accounts for exact wording of account titles.

X

Journal

Shaded cells have feedback.