Transactions for Me, Induding Sale The fotowing transactions and adjusting entries were completed by Robinson Furniture Co. during a three-year period. Al are related to the use of delivery equipment. The doubledecibelance method of depreciation is used Year 1 Jan. 8. Purchased a red delivery truck for $47,040, paving cash Mar. 7. Pald garage 5130 for changing the replacing the liter, 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 7 years, with a residual value of $9.900 for the truck Year 2 Jan. 9. Purchased aw truck for $87,480, paying cash Feb. 28. Paid garage $300 to tune the engine and make other minor repairs on the used truck Apr 30. sold the used truck for $29,050 (Record depreciation to date b Year 2 for the truck.) Dec. 31. Record depreciation for the iw truck. It has an estimated trade in value of $15,700 and an estimated Ife of years. Year) Sept. 1. Purchased a new truck for $3,000, paying cash Sept. 4. Hold the truck purchased January 9, Year 2 for $60,560. (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 $16,700 and an estimated watul Ife of 10 years Required: Jumaluse 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 Net 9: Homework (Module 3) eBook Print Item wore the transactions and the adjusting endres Tran amount box does not require antenu yrave bank. DOTTOC TOURO Thermtetea Year 1 Jan. 8 Delivery Truck 47,040 Cash 47,040 Mar. 7 Truck Repair Expense 160 x Cash 160 X Dec. 31 Depreciation Expense-Delivery Truck 13,440 Accumulated Depreciation-Delivery Truck 13,440 Year 2 Jan. 9 Delivery Truck 87,480 Cash 87,480 Feb. 28 Truck Repair Expense 360 X Cash 360 X Apr. 30-Deprec. Depreciation Expense-Delivery Truck 3,200 Accumulated Depreciation-Delivery Truck 3,200 Apr. 30-Sale Accumulated Depreciation-Delivery Truck Check My Work CH 9: Homework (Module 3) eBook Print Item Apr. 30-Deprec. Depreciation Expense-Delivery Truck 3,200 Accumulated Depreciation-Delivery Truck 3.2007 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 I 1111 II - 1 1 1II1 Year 3 Sept. 1 Delivery Truck Cash Sept. 4-Deprec. Depreciation Expense-Delivery Truck Accumulated Depreciation-Delivery Truck Sept. 4-Sale Cash Accumulated Depreciation-Delivery Truck eBook Print Item CH 9: Homework (Module 3) 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 I 1111 1 1 1 Il Sept. 4-Sale Cash Accumulated Depreciation-Delivery Truck Delivery Truck Gain on Sale of Delivery Truck Dec. 31 Depreciation Expense-Delivery Truck Accumulated Depreciation-Delivery Truck 6,267 X Check My Work
