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The following transactions and adjusting entries were completed by Legacy Furniture Co. during a three-year period. All are rela equipment. The double-declining-balance method of depreciation

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The following transactions and adjusting entries were completed by Legacy Furniture Co. during a three-year period. All are rela equipment. The double-declining-balance method of depreciation is used. Year 1 Jan. 4 Purchased a used delivery truck for $9,600, paying cash. Nov. 2 Paid garage $190 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 o $2,000 for the truck. Year 2 Jan. 6 Purchased a new truck for $6,000, paying cash Apr. 1 Sold the used truck purchased on Jan. 4 of Year 1 for $3,900. (Record depreciation to date in Year 2 for the truck.) June 11 Paid garage $220 for miscellaneous repairs to the truck. Dec. 31 Record depreciation for the new truck. It has an estimated residual value of $1,100 and an estimated life of 5 years. Year 3 July 1 Purchased a new truck for $89,000, paying cash. Oct. 2 Sold the truck purchased January 6, Year 2, for $2,320. (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 $16,000 and an estimated useful life of eight years, gnment/takeAssignment urnalize the transactions and the adjusting entries. If an amount box does not require an entry, leave it blank Round your final answers to the nearest cent. Year 1 Jan. 4 Delivery Truck 9,600, 9,600 Cash Nov. 2 190 Truck Repair Expense Cash 190 1.900 X Dec. 31 Depreciation Expense-Delivery Truck Accumulated Depreciation-Delivery Truck 1,900 X 6,000 Year 2 Jan. 6 Delivery Truck Cash 6,000 475 Apr 1-Deprec. Depreciation Expense-Delivery Truck Accumulated Depreciation-Delivery Truck 475 2.375 Accumulated Depreciation-Delivery Truck Apr 1-Sale Cash 3,900 3,325 X LOSS on Sale of Delivery Truck Delivery Truck 9.600 220 June 11 Truck Repair Expense Cash 220 980 Dec. 31 Depreciation Expense-Delivery Truck Accumulated Depreciation-Delivery Truck 980 x Year 3 July 1 89,000 Delivery Truck Cash 89,000 817 X Oct. 2-Deprec. Depreciation Expense-Delivery Truck Accumulated Depreciation-Delivery Truck 817 x Oct. 2-Sale Cash 2.320 1.797 X Accumulated Depreciation Delivery Truck LOSS On Sale of Delivery Truck Delivery Truck 1,883 X 6,000 Dec. 31 4.563 X Depreciation Expense Delivery Truck Accumulated Depreciation Delivery Truck 4.563 X Transactions for Indusing Sale The following transactions and justing entries were completed by Legacy Furniture.co, during a three-year period, All are related to the use of delivery count the double decling-balice method of deprecationis Jan 4 Purchased delivery truck for 9.000, buying the No 2 Paldange 100 for miscellaneous repairs to the truck Decial Nacorded depredation on the truck for the year. The estimated and we of the truck is a veart, with a resituli valde at $2.000 for the trud Ya Purchased new trud for $6,000. Daving cash Art Sold the used truck purchased of Year for $3.000 (cod depredation to date in Year 2 for the trud) 11 Pild 1220 formance to the truck Deccord depreciation for the new truck. It has an estimated residual value of $1,100 and an estimated Meyer Mr Durchsuc000. gach O Solthetru purchased for dette date was the uired: malize the transactions and the adjusting entries. If an amount box does not require an entry, leave it blank. Do not round intermediate calculations. Round your final answers to the nearest sent St Delivery truck 9,600 Cash 9.500 Nov. 2 truck Repair Expense 19 190 Doc Depreciation Expense-Delivery Track Accumulated Depreciation bellvery Truck 1900 Year 2nd Deliver auch 000 000 TS At or Depreciation Expense Delivery much Accumulated prodation Delivery Truck 473 Accumulated Depreciation Delivery 3 Sal Delivery Delivery June 11 Truck Repair Expense 220 Cash 220 Dec. 31 980 Depreciation Expense-Delivery Truck Accumulated Depreciation-Delivery Truck 980 Year 3 July 1 Delivery Truck 89,000 Cash 89,000 817 Oct. 2-Deprec. Depreciation Expense-Delivery Truck Accumulated Depreciation-Delivery Truck 817 Oct. 2 Sale Cash 2.320 1.797 Accumulated Depreciation-Delivery Truck LOSS on Sale of Delivery Truck Delivery Truck 1,883 6,000 Dec 31 4.563 Depreciation Expense-Delivery Truck Accumulated Depreciation Delivery Truck 4.563 The following transactions and adjusting entries were completed by Legacy Furniture Co. during a three-year period. All are rela equipment. The double-declining-balance method of depreciation is used. Year 1 Jan. 4 Purchased a used delivery truck for $9,600, paying cash. Nov. 2 Paid garage $190 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 o $2,000 for the truck. Year 2 Jan. 6 Purchased a new truck for $6,000, paying cash Apr. 1 Sold the used truck purchased on Jan. 4 of Year 1 for $3,900. (Record depreciation to date in Year 2 for the truck.) June 11 Paid garage $220 for miscellaneous repairs to the truck. Dec. 31 Record depreciation for the new truck. It has an estimated residual value of $1,100 and an estimated life of 5 years. Year 3 July 1 Purchased a new truck for $89,000, paying cash. Oct. 2 Sold the truck purchased January 6, Year 2, for $2,320. (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 $16,000 and an estimated useful life of eight years, gnment/takeAssignment urnalize the transactions and the adjusting entries. If an amount box does not require an entry, leave it blank Round your final answers to the nearest cent. Year 1 Jan. 4 Delivery Truck 9,600, 9,600 Cash Nov. 2 190 Truck Repair Expense Cash 190 1.900 X Dec. 31 Depreciation Expense-Delivery Truck Accumulated Depreciation-Delivery Truck 1,900 X 6,000 Year 2 Jan. 6 Delivery Truck Cash 6,000 475 Apr 1-Deprec. Depreciation Expense-Delivery Truck Accumulated Depreciation-Delivery Truck 475 2.375 Accumulated Depreciation-Delivery Truck Apr 1-Sale Cash 3,900 3,325 X LOSS on Sale of Delivery Truck Delivery Truck 9.600 220 June 11 Truck Repair Expense Cash 220 980 Dec. 31 Depreciation Expense-Delivery Truck Accumulated Depreciation-Delivery Truck 980 x Year 3 July 1 89,000 Delivery Truck Cash 89,000 817 X Oct. 2-Deprec. Depreciation Expense-Delivery Truck Accumulated Depreciation-Delivery Truck 817 x Oct. 2-Sale Cash 2.320 1.797 X Accumulated Depreciation Delivery Truck LOSS On Sale of Delivery Truck Delivery Truck 1,883 X 6,000 Dec. 31 4.563 X Depreciation Expense Delivery Truck Accumulated Depreciation Delivery Truck 4.563 X Transactions for Indusing Sale The following transactions and justing entries were completed by Legacy Furniture.co, during a three-year period, All are related to the use of delivery count the double decling-balice method of deprecationis Jan 4 Purchased delivery truck for 9.000, buying the No 2 Paldange 100 for miscellaneous repairs to the truck Decial Nacorded depredation on the truck for the year. The estimated and we of the truck is a veart, with a resituli valde at $2.000 for the trud Ya Purchased new trud for $6,000. Daving cash Art Sold the used truck purchased of Year for $3.000 (cod depredation to date in Year 2 for the trud) 11 Pild 1220 formance to the truck Deccord depreciation for the new truck. It has an estimated residual value of $1,100 and an estimated Meyer Mr Durchsuc000. gach O Solthetru purchased for dette date was the uired: malize the transactions and the adjusting entries. If an amount box does not require an entry, leave it blank. Do not round intermediate calculations. Round your final answers to the nearest sent St Delivery truck 9,600 Cash 9.500 Nov. 2 truck Repair Expense 19 190 Doc Depreciation Expense-Delivery Track Accumulated Depreciation bellvery Truck 1900 Year 2nd Deliver auch 000 000 TS At or Depreciation Expense Delivery much Accumulated prodation Delivery Truck 473 Accumulated Depreciation Delivery 3 Sal Delivery Delivery June 11 Truck Repair Expense 220 Cash 220 Dec. 31 980 Depreciation Expense-Delivery Truck Accumulated Depreciation-Delivery Truck 980 Year 3 July 1 Delivery Truck 89,000 Cash 89,000 817 Oct. 2-Deprec. Depreciation Expense-Delivery Truck Accumulated Depreciation-Delivery Truck 817 Oct. 2 Sale Cash 2.320 1.797 Accumulated Depreciation-Delivery Truck LOSS on Sale of Delivery Truck Delivery Truck 1,883 6,000 Dec 31 4.563 Depreciation Expense-Delivery Truck Accumulated Depreciation Delivery Truck 4.563

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