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fegarding the ellect of ahemalive methods on the amount of depretiaten expente each year. Required: CHART OF ACCOUNTS General Ledger ASSETS REVENUE 110 Cash 410 Sales 111 Petty Cash 610 Interest Revenue 112 Accounts Receivable 620 Gain on Sale of Dellivery Truck 114 Interest Receivable 621 Gain on Sale of Equipment 115 Notes Recelvable 116 Merchandise inventory EXPENSES 117 Supplies 510 Cost of Merchandise Sold 119 Prepaid Insurance 520 Salaries Expense 120 Land 521 Advertising Expense 123 Delivery Truck 522 Depreciation Expense-Delivery Truck 124 Accumulated Depreciation-Delivery Truck 523 Delivery Expense 125 Equipment 524 Repairs and Maintenance Expense 126 Accumulated Depreciation-Equipment 529 Selling Expenses 130 Mineral Rights 531 Rent Expense 131 Accumulated Depletion 532 Depreciation Expense-Equipment 132 Goodwill 533 Depletion Expense 133 Patents 534 Amortization Expense-Patents method asd (a) me dauble-datining-salance mathod b. Devitie-deciting-sazase fre had 2. On March 4, journaize the enty to record the sale, assuming the manager chose the double-declining-balance method General Joumalinatructions How does gredins wark? 3. On March 4, journakize the entry to record the sale in (2), assuming that the oquipment was sold for 388,750 instead of 5135,000 . . 3. On March 4, journelize the entry to record the sale in (2), assuming that the equpment was sold for s3a,750 instead of $135. ooo Goceral wournal instructions How dots groding work? iegarding the ettect of aternative methocs on the amount of depiedation euponis each year In the first week of the ntin year, en W arch 4 , the equipenent was soid for $135.000. Regaired: 1. Determine the annual depreciasen expense for seeh of the fifimased 5 years af use. the ascumidated orpreciation at the and of each jear and Chart of Accounts CHART OF ACCOUNTS General Ledger ASSETS REVENUE 110 Cash 410 Sales 111 Petty Cash 610 Interest Revenue 112 Accounts Receivable 620 Gain on Sale of Delivery Truck 114 Interest Receivable 621 Gain on Sale of Equipment 115 Notes Receivable 116 Merchandise Inventory EXPENSES 117 Supplies 510 Cost of Merchandise Sold 119 Prepaid Insurance 520 Salaries Expense 120 Land 521 Advertising Expense 123 Delivery Truck 522 Depreclation Expense-Delivery Truck 124 Accumulated Depreciation-Delivery Truck 523 Delivery Expense 125 Equipment 524 Repairs and Maintenance Expense 126 Accumulated Depreciation-Equipment 529 Selling Expenses 130 Mineral Rights 531 Rent Expense 131 Accumulated Depletion 532 Depreciation Expense-Equipment 132 Goodwill 533 Depletion Expense 133 Patents 534 Amortization Expense-Patents Chart of Accounts 124 Accumulated Depreciation-Delivery Truck 523 Delivery Expense 125 Equipment 524 Repairs and Maintenance Expense 126 Accumulated Depreciation-Equipment 529 Selling Expenses 130 Mineral Rights 531 Rent Expense 131 Accumulated Depletion 532 Depreciation Expense-Equipment 132 Goodwill 533 Depletion Expense 133 Patents 534 Amortization Expense-Patents 535 Insurance Expense LIABILITIES 536 Supplies Expense 210 Accounts Payable 539 Miscellaneous Expense 211 Salaries Payable 710 Interest Expense 213 Sales Tax Payable 720 Loss on Sale of Delivery Truck 214 Interest Payable 721 Loss on Sale of Equipment 215 Notes Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends metrod and (8) the doobie-deklting bateece method. a. Eteatofidert ifethod Kdotsonal intinution b. Doubic-docieing-bajance irethiod 2. On March 4, journalize the entry to record the saie, assuming the manager chose the double-declining-balance method: General Joumal instructions Hew does sroding wark? 3. On March 4. joumaize the entry to record the save in (2), assuming that the equipment was sad for $80,750 instead of $135,000. 3. On March 4, journalize the entry to record the sale in (2), assuming that the equipment was sold for $88,750 instead of $135,000. General Joumalinstructions How does groding work