Transactions for Fixed Assets, including Sale @ The following transactions and adjusting entries were completed by Legacy 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. 4 Purchased a used delivery truck for $9,600, paying cash. Nov. 2 Paid garage $200 for miscellaneous repairs to the truck Dec. 31 Recorded depreciation on the truck for the year. The estimated useful life of the truck is 4 years, with a residual value of $2,000 for the truck, Year 2 Jan 6 Purchased a new truck for $6.000. Daying cash Ape 1 Sold the used truck purchased on Jan. 4 of Year 1 for $3,900.(Record depreciation to date in Year 2 for the truck.) June 11 Paid garage $250 for miscellaneous repairs to the truck Dec 31 Record depreciation for the new track. It has an estimated residual value of $1,100 and abstimated life of years Year July 1 Purchased a new truck for 100,000 paying canh Oct. 2 Sold the truck purchased January 6, Year 2 for $2.320. (Record depreciation to date for Year for the truck.) Dec 31 Recorded depreciation on the remaining trud purchased on July 1. It has an estimated endal value of $14,600 and an estimated useful life of eight years Required: eBook Required: Joumalize 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 and Nov. 2 Dec. 31 Year 2 Jan 6 Apr I-Deprec ADE 1-Sale eBook June 1 Dec 31 III 1 I IIIII I DU Year 3 July Oct. 2 Deprec Oct. 2 Sale Dec 31