Wally Limited is a large producer of apples, with apple orchards in a number of different locations in southern Ontario and British Columbia. The company had the following transactions on one of its new orchards: (Click the icon to view the transactions and additional information.) Required Record the journal entries for Years 1, 2, and 11 relating to the above information assuming Wally uses the cost method for the apple trees because they are bearer plants. Requirement. Record the journal entries for Years 1, 2, and 11 relating to the above information assuming Wally uses the cost method for the apple trees because they are bearer plants. (Record debits first, then credits. Explanations are not required.) Start by recording the purchase of the trees at the beginning of Year 1. Date Year 1 Accounts Debit Credit Prepare the entry to show the year 1 spending on water, fertilizer, and labour. Date Year 1 Accounts Debit Credit Prepare the entry to show the year 2 spending on water, fertilizer, and labour. Date Year 2 Accounts Debit Credit