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Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 January 1 Paid $22,015 cash plus $1,935 in sales tax for

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Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 January 1 Paid $22,015 cash plus $1,935 in sales tax for a new delivery truck estimated to have a five-year tife and a $2,300 salvage value. Delivery truck costs are recorded in the Trucks account. December 31 Recorded annual straight-line depreciation on the truck. Year 2 December 31 The truck's estimated useful life was changed from five to four years, and the estimated salvage value was increased to $2,700. Recorded annual straight-line depreciation on the truck. Year 3 December 31 Recorded annual straight-line depreciation on the truck. December 31 sold the truck for $5,300 cash. Required: 1-a. Calculate depreciation for Year 2. 1-b. Calculate book value and gain (loss) for sale of Truck on December 31, Year 3. 1.c. Prepare journal entries to record these transactions and events. Complete this question by entering your answers in the tabs below. Calculate depreciation for Year 2. Year 1 January 1 Paid $22,015 cash plus $1,935 in sales tax for a a $2,300 salvage value. Delivery truck costs are December 31 Recorded annual straight-line depreciation on th Year 2 December 31 The truck's estimated useful life was changed fr increased to $2,700. Recorded annual straight-li Year 3 December 31 Recorded annual straight-line depreciation on th December 31 Sold the truck for $5,300 cash. Required: 1-a. Calculate depreciation for Year 2. 1-b. Calculate book value and gain (loss) for sale of Truck on Decem 1-c. Prepare journal entries to record these transactions and events. Complete this question by entering your answers in the tabs Calculate book value and gain (loss) for sale of Truck on December 31 pare journal entries to record these transactions and events. Journal entry worksheet Record the total cost of the new delivery truck. Note: Enter debits before credits. Prepare journal entries to record these transactions and events. Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of the delivery truck. Note: Enter debits before credits. Prepare journal entries to record these transactions and events. Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of the delivery truck. Note: Enter debits before credits. Prepare journal entries to record these transactions and events. Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of the delivery truck. Note: Enter debits before credits. Prepare journal entries to record these transactions and events. Journal entry worksheet 1 Record the sale of the delivery truck for $5,300 cash. Note: Enter debits before credits. Year 1 January 1 Paid $22,015 cash plus $1,935 in sales tax for a new delivery truck estimated to have a five-year life and a $2,300 salvage value. Delivery truck costs are recorded in the Trucks account. Decenber 31 Recorded annual straight-line depreciation on the truck. Year 2 December 31 The truck's estimated useful life was changed from five to four years, and the estimated salvage value was increased to $2,700. Recorded annual straight-line depreciation on the truck. Year 3 December 31 Recorded annual straight-2ine depreciation on the truck. December 31 sold the truck for $5,300 cash. Required: 1-a. Calculate depreciation for Year 2 . 1-b. Calculate book value and gain (loss) for sale of Truck on December 31, Year 3 . 1-c. Prepare journal entries to record these transactions and events. Complete this question by entering your answers in the tabs below. Calculate depreciation for Year 2. Year 1 January 1 Paid $22,015 cash plus $1,935 in sales tax for a new delivery truck estimated to have a five-year life and a $2,300 salvage value. Delivery truck costs are recorded in the Trucks account. December 31 Recorded annual straight-line depreciation on the truck. Year 2 December 31 The truck's estimated useful life was changed from five to four years, and the estinated salvage value was increased to $2,700. Recorded annual straight-line depreciation on the truck. Year 3 December 31 Recorded annual straight-line depreciation on the truck. December 31 Sold the truck for $5,300 cash. Required: 1-a. Calculate depreciation for Year 2. 1-b. Calculate book value and gain (loss) for sale of Truck on December 31, Year 3 . 1-c. Prepare joumal entries to record these transactions and events. Complete this question by entering your answers in the tabs below. Calculate book value and gain (loss) for sale of Truck on December 31, Year 3 . Prepare journal entries to record these transactions and events. Journal entry worksheet 5 Note: Enter debits before credits. Prepare journal entries to record these transactions and events. Journal entry worksheet 5 Record the year-end adjusting entry for the depreciation expense of the delivery truck. Note: Enter debits before credits. epare journal entries to record these transactions and events. Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of the delivery truck. Note: Enter debits before credits. repare journal entries to record these transactions and events. Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of the delivery truck. Note: Enter debits before credits. Prepare journal entries to record these transactions and events. Journal entry worksheet Record the sale of the delivery truck for $5,300 cash. Note: Enter debits before credits

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