1. The following transactions and adjusting entries were completed by Robinson 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. 8.	Purchased a used delivery truck for $77,760, paying cash.
   Mar. 7.	Paid garage $220 for changing the oil, replacing the oil filter, and tuning the engine on the delivery truck.
   Dec. 31.	Recorded depreciation on the truck for the fiscal year. The estimated useful life of the truck is 9 years, with a residual value of $16,300 for the truck.
   Year 2
   Jan. 9.	Purchased a new truck for $88,200, paying cash.
   Feb. 28.	Paid garage $440 to tune the engine and make other minor repairs on the used truck.
   Apr. 30.	Sold the used truck for $53,750. (Record depreciation to date in Year 2 for the truck.)
   Dec. 31.	Record depreciation for the new truck. It has an estimated trade-in value of $15,900 and an estimated life of 7 years.
   Year 3
   Sept. 1.	Purchased a new truck for $80,000, paying cash.
   Sept. 4.	Sold the truck purchased January 9, Year 2, for $53,600. (Record depreciation to date in Year 3 for the truck.)
   Dec. 31.	Recorded depreciation on the remaining truck. It has an estimated residual value of $14,400 and an estimated useful life of 10 years.

   Required:

   Journalize 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 cent.

   Year 1, Jan. 8	Accounts PayableAccumulated Depreciation-Delivery TruckCashDelivery TruckTruck Repair and Maintenance Expense	- Select -	- Select -
   	Accounts PayableAccumulated Depreciation-Delivery TruckCashDelivery TruckTruck Repair and Maintenance Expense	- Select -	- Select -
   Mar. 7	Accumulated Depreciation-Delivery TruckCashDelivery TruckDepreciation ExpenseTruck Repair and Maintenance Expense	- Select -	- Select -
   	Accumulated Depreciation-Delivery TruckCashDelivery TruckDepreciation ExpenseTruck Repair and Maintenance Expense	- Select -	- Select -
   Dec. 31	Accumulated Depreciation-Delivery TruckCashDelivery TruckDepreciation Expense-Delivery TruckTruck Repair and Maintenance Expense	- Select -	- Select -
   	Accumulated Depreciation-Delivery TruckCashDelivery TruckDepreciation Expense-Delivery TruckTruck Repair and Maintenance Expense	- Select -	- Select -
   Year 2, Jan. 9	Accounts PayableAccumulated Depreciation-Delivery TruckCashDelivery TruckDepreciation Expense	- Select -	- Select -
   	Accounts PayableAccumulated Depreciation-Delivery TruckCashDelivery TruckDepreciation Expense	- Select -	- Select -
   Feb. 28	Accumulated Depreciation-Delivery TruckCashDelivery TruckDepreciation ExpenseTruck Repair and Maintenance Expense	- Select -	- Select -
   	Accounts PayableAccumulated Depreciation-Delivery TruckCashDelivery TruckTruck Repair and Maintenance Expense	- Select -	- Select -
   Apr. 30-Deprec.	Accumulated Depreciation-Delivery TruckCashDelivery TruckDepreciation Expense-Delivery TruckTruck Repair and Maintenance Expense	- Select -	- Select -
   	Accumulated Depreciation-Delivery TruckCashDelivery TruckDepreciation Expense-Delivery TruckTruck Repair and Maintenance Expense	- Select -	- Select -
   Apr. 30-Sale	Accumulated Depreciation-Delivery TruckDelivery TruckDepreciation Expense-Delivery TruckGain on Sale of Delivery TruckTruck Repair and Maintenance Expense	- Select -	- Select -
   	Accounts PayableCashDelivery TruckDepreciation Expense-Delivery TruckTruck Repair and Maintenance Expense	- Select -	- Select -
   	Accounts PayableDelivery TruckDepreciation Expense-Delivery TruckGain on Sale of Delivery TruckLoss on Sale of Delivery Truck	- Select -	- Select -
   	Accumulated Depreciation-Delivery TruckCashDelivery TruckGain on Sale of Delivery TruckLoss on Sale of Delivery Truck	- Select -	- Select -
   Dec. 31	Accumulated Depreciation-Delivery TruckCashDelivery TruckDepreciation Expense-Delivery TruckTruck Repair and Maintenance Expense	- Select -	- Select -
   	Accumulated Depreciation-Delivery TruckCashDelivery TruckDepreciation Expense-Delivery TruckTruck Repair and Maintenance Expense	- Select -	- Select -
   Year 3, Sept. 1	Accounts PayableAccumulated Depreciation-Delivery TruckCashDelivery TruckTruck Repair and Maintenance Expense	- Select -	- Select -
   	Accounts PayableAccumulated Depreciation-Delivery TruckCashDelivery TruckTruck Repair and Maintenance Expense	- Select -	- Select -
   Sept. 4-Deprec.	Accumulated Depreciation-Delivery TruckCashDelivery TruckDepreciation Expense-Delivery TruckTruck Repair and Maintenance Expense	- Select -	- Select -
   	Accumulated Depreciation-Delivery TruckCashDelivery TruckDepreciation Expense-Delivery TruckTruck Repair and Maintenance Expense	- Select -	- Select -
   Sept. 4-Sale	CashDelivery TruckDepreciation Expense-Delivery TruckGain on Sale of Delivery TruckLoss on Sale of Delivery Truck	- Select -	- Select -
   	Accounts PayableAccumulated Depreciation-Delivery TruckDelivery TruckDepreciation Expense-Delivery TruckLoss on Sale of Delivery Truck	- Select -	- Select -
   	Accounts PayableAccumulated Depreciation-Delivery TruckDelivery TruckDepreciation Expense-Delivery TruckLoss on Sale of Delivery Truck	- Select -	- Select -
   	Accumulated Depreciation-Delivery TruckCashDepreciation Expense-Delivery TruckGain on Sale of Delivery TruckLoss on Sale of Delivery Truck	- Select -	- Select -
   Dec. 31	Accumulated Depreciation-Delivery TruckCashDelivery TruckDepreciation Expense-Delivery TruckTruck Repair and Maintenance Expense	- Select -	- Select -
   	Accumulated Depreciation-Delivery TruckCashDelivery TruckDepreciation Expense-Delivery TruckTruck Repair and Maintenance Expense	- Select -	- Select -

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