Transactions for edu, Induding Sale The following transactions and adjusting entries were completed by Robinson Furniture Co. during a three-year period. All we reated to the use of delivery equipment. The de decorated at depreciation is used Year 1 Jan. 8. Purchased a used delivery truck for $38.400, paying cash Mar. 7. Paid garage $160 for changing the oil, replacing the oil liter, and tuning the engine on the delivery truck Dec. 31. Recorded depreciation on the truck for the focal year. The estimated useful ife of the truck is 8 years, with a residual value of $8,100 for the truck Year 2 Jan. 9. Purchased a new truck for $44,100, paying cash Feb 25. Pald garage $200 to tune the engine and make other minor repairs on the used truck. Apc 30. Sold the used truck for $25,300 (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 $7.900 and an estimated life of 7 years Year 3 Sept. 1. Purchased a new truck for $81,000, paying cash Sept. 4. Sold the truck purchased January 9, Year 2 for $26,800 (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 $14,600 and an estimated to the of 10 years, Required: Joumaise the transactions and the adjusting entries, it an amount box does not require an entry, wave at blank. Do not round Intermediate calculations. Round your final answers to the nearest cert Year 1, Jan 8 Delivery Truck Cash Mar. 7 Truck Repair and Maintenance Expense 160 Journalie the transactions and the adjusting entries famount box does not require an entry leave it blank. De not round intermediate calculations on your final wwwers the Year 1. jan Delivery Truck 38,400 Cash 11,400 Mar. 7 Truck Repair and Maintenance Expense Cash Dec. 31 19.300 X Depreciation Expense-Delivery Truck Accumulated Depreciation Delivery Truck 19.100 x Year 2, dans 44,100 Delivery Truck Cash 44100 Feb. 28 Truck Repair and Maintenance Expense 200 Cash Apr 30-Deprec: Depreciation Expense-Delivery Truck Accumulated Depreciation-Delivery Truck Apr 30 Sale Accumulated Depreciation-Delivery Truck Cash 25.300 Previous Check NY Apr 30-Sale 15,30 Accumulated Depreciation-Delivery Truck Cash Loss on Sale of Delivery Truck Delivery Truck Dec. 31 Depreciation Expense-Delivery Truck Accumulated Depreciation-Delivery Truck Year 3, Sept. 1 Delivery Truck Cash Sept. 4-Deprec. Depreciation Expense-Delivery Truck Accumulated Depreciation Delivery Truck CL1 II II II Jill IO (10II II II bIll II Sept. 4-Sale Cash Accumulated Depreciation Delivery Truck v Delivery Truck Gain on Sale of Delivery Truck Dec. 31 Depreciation Expense-Delivery Truck Accumulated Depreciation Delivery Truck
