The following transactions and adjusting entries were completed by Logacy Furniture Co during a three-year poriod. All are related to the use of delivery equipment. The double-declining balance method of depreciation is used Year 1 Jan. 4 Nov. 2 Purchased a used delivery truck for $28,400, paying cash. Paid garage $750 for miscellaneous repairs to the truck Recorded depreciation on the truck for the year. The estimated unetut the of the truck is four years, with a residual value of $5,265 for the truck Dec. 31 Year 2 Jan 8 Apr 1 Purchased a new truck for $49.700, paying cash, Sold the used truck purchased on Jan. 4 of Year 1 for $15,140. Record depreciation to delo in Year 2 for the truck.) Pald garage $475 for miscellaneous repairs to the truck Recorded depreciation for the new truck. It has an estimated residual value of $8,795 and an estimated te of five years June 11 Dec 31 Year 3 July Oct 2 Purchased a new truck for $53,240, saying cash Sold the truck purchased January 6, Your 2 for $17,304. (Record depreciation to date for Your 3 for the truck) Recorded depreciation on the remaining truck purchased on July 1. It has an estimated residual value of 511.025 and an estimated useful le of eight years Dec 31 Journalize the transactions and the adjusting entries. Refer to the Chart of Accounts for exact wording of account nises. Scroll down to access pagos 2 and 3 or the journal. Journalize the Year 1 transactions and adjusting entries on Page 1 PAGE! JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST RER DET CREDIT ASSETS LIARIES EQUITY 1 Jan. 4 2 Ndjusting Entries DATE DESCRUPTION POST. REK DEBIT CREDIT ASSETS LABILITIES EQUITY 1 2 3 4 5 6 16 11 11