The following transactions and adjusting entries were completed by Legacy Fumiture Co. during a three-year period All are related to the use of delivery equipment. The Year 2 Jan. 6 Purchased a new truck for $50,150, paying cash. Apr. 1 Sold the used truck purchased on January 4 of Year 1 for $14,400. (Record depreciation to date in Year 2 for the truck.) June 11 Paid garage $465 for miscellaneous repairs to the truck. Dec. 31 Fecorded depreciation for the new truck. It has an estimated residual value of $8,850 and an timated life of five years. Year 3 July 1 Purchased a new truck for $55,520, paying cash. Oct. 2 Sold the truck purchased January 6, Year 2, for $17,473. (Record depreciation to date for Year 3 for the truck.) Dec.31 Recorded depreciation on the remaining truck purchased on July 1. Ithas an estimated residual value of $12,565 and an estimated useful life of eight years. Required: Joumalize 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 joumal 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