Transactions for Fixed Assets, Endurg Sale The following transactions and adjusting entries were completed by Robinson Furniture Ce during a three-year period. Al are related to the use of every equipment. The double-decining balance method of depreciation is used Jan. 8. Purchased a used delivery truck for $24,000, paying cash Mar. 7. Paid garage 1900 for changing the replacing the liter, and tuning the engine on the delivery truck Recorded depreciation on the truck for the fscal year. The estimated me of the truck is four years, with a residual value of $4,000 for the Dec. 11 lan. 9. Purchased a new truck for $50,000, paying cash Feb. 25. Paid garage 1250 to tune the engine and make other minor repers on the used truck Apr 30. So the used truck for $9.500 (Record depreciation to date in Year 2 for the truck.) Dec. 31. Record depreciation for the new truck. It has an estimated residual value of $12.000 and an estimated of aght years. Sept. 1. Purchased a new truck for $58,509 paying cash. Sept. 4. Soid the truck purchased January 9, Year 2 for $35.000 (Record deprecation to be for for the truck) Dec. 31. Recorded depreciation on the remaining truck. It has an estimated residual value of $16,000 and an estimated us e of 10 years. Required: Journalise the transactions and the adjusting entries of an amount box dostruire an entry leave Delivery Truck Do not round vermediate calculations Cash Next > Chapter 9 Homework eBook Calculator Dec. 31 Depreciation Expense-Delivery Truck Accumulated Depreciation-Delivery Truck Year 2, Jan. 9 Delivery Truck 50,000 Cash 50,000 Feb. 28 Truck Repair and Maintenance Expense Cash Depreciation Expense-Delivery Truck Accumulated Depreciation-Delivery Truck DU II IIII II GUBI DI Apr. 30 Sale 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 Chapter 9 Homework eBook Calculator Apr. 30 Sale Accumulated Depreciation-Delivery Truck Cash Loss on Sale of Delivery Truck Delivery Truck Dec. 31 Accumulated Depreciation-Delivery Truck Year 3, Sept. 1 Delivery Truck Cash DI ILLE II II II IIII DO OHOL I II II II Sept. 4 Deprec. Depreciation Expense-Delivery Truck Accumulated Depreciation-Delivery Truck Sept. 4 Sale Cash 36,000 Accumulated Depreciation-Delivery Truck Delivery Truck Gain on Sale of Delivery Truck Dec. 31 Depreciation Expense-Delivery Truck Accumulated Depreciation-Delivery Truck