Transactions for fixed assets, including sale Instructions Chart of Accounts Journal Instructions The following tractions and adjusting entries are completed by Legacy Furniture Co during a three-year period All are related to the use of delivery equipment. The double declinable method of direciation is used Jan Nov 2 Jan Year 1 Purchased a unes delivery duck to $27,680, paying cash Paid garago 5725 forcelaneous sopars to the muck to 31 Recorded deprecation on the track for the year. The estimated unofule of the truck is four years, with amici e of 54,800 for the truck Year 2 Purchased aww truck for $49.860, paying can Apr1 Sold the used truck purchased on January of Your 1 x $15,000 (Record depreciation to date in your 2 for the truck Paid garage 5450 for celorous repairs to the truck Dec 31 Pocorded depreciation for the new truck. It has an estimated resident value of $0.166 and an entmated Ite of five years Year July Purchased aww truck or 86.60.paying can Od 2 Sot me truck purchased by Year 2. for $17,00 Cord precation to come for Year 3 tuk) Dec 31 Recorded depreciation on the remaining truck purchased on July 1th an estimated tendunt value of $12.5 and an estimated usife of eight years Nine 11 Required Voumle the transactions and the acutting entrs Refer to the chart of account the exact wording of the accounts CNOWomas t of Accounts CHART OF ACCOUNTS Legacy Furniture Co. General Ledger ASSETS REVENUE 110 Cash 410 Sales 610 Interest Revenue 620 Gain on Sale of Delivery Truck 621 Gain on Sale of Equipment 111 Petty Cash 112 Accounts Receivable 114 Interest Receivable 115 Notes Receivable 116 Merchandise Inventory 117 Supplies 119 Prepaid Insurance 120 Land 123 Delivery Truck 124 Accumulated Depreciation-Delivery Truck 125 Equipment 126 Accumulated Depreciation Equipment 130 Mineral Rights 131 Accumulated Depletion 132 Goodwill 133 Patents EXPENSES 510 Cost of Merchandise Sold 520 Salaries Expense 521 Advertising Expense 522 Depreciation Expense-Delivery Truck 523 Delivery Expense 525 Truck Repair Expense 529 Selling Expenses 531 Rent Expense 532 Depreciation Expense-Equipment 533 Depletion Expense 534 Amortization Expense-Patents 535 Insurance Expense 536 Supplies Expense LIABILITIES LIABILITIES 210 Accounts Payable 211 Salaries Payable 213 Sales Tax Payable 214 Interest Payable 215 Notes Payable EQUITY 310 Owner's Capital 311 Owner's Drawing fournize the transactions and the adjusting entries Scroll down to access pages 2 and 3 of the journal Rell to the chart of accounts for the exact wording of the account to CNOW una doctobre vt CNOW chwil omatically indent a credit enty when a credit anscurta entered lumake the Year ansactions and antigantsee on Page 1 MOET JOURNAL ACCOUNTING EQUATION DATE DETI POST DOBIE ORENT SUITE POTY Aditing fumate the Year 2ransaction and uses on Page 2 fournie the Year 2 transactions and adjusting entries on Page 2 PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POSER DERIT CREDIT ASSES LARUTES TORTY Air Cred My Work All work saved ure the Year 3 transactions and adjusting entries on Page 3 ANGE JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DEBIT CREDIT ASSETS LIABILITIES TOUTY Adjusting Entries