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Transactions for fixed assets, including sale Instructions Chart of Accounts Instructions The following transactions and adjusting entries were completed by Legacy Fumiture 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 Purchased a used delivery truck for $28,400, paying cash. 4. Nov. Paid garage $750 for miscellaneous repairs to the truck. 2 Dec Recorded depreciation on the truck for the year. The estimated useful life of the truck is four years, with a residual value of $5.265 for the truck 31. Year 2 Jan Purchased a new truck for $19,700, paying cash. 6. Apr. 1. Sold the used truck for $15,140. (Record depreciation to date in Year 2 for the truck.) Paid garage $475 for miscellaneous repairs to the truck June 11. Dec. Record depreciation for the new truck. It has an estimated residual value of $8,795 and an estimated life of five years. 31. Year 3 July Purchased a new truck for $63,240, paying cash. 1. Oct 2 Sold the truck purchased January 6, Year 2, for $17,394. (Record depreciation to date for Year 3 for the truck.) Recorded depreciation on the remaining truck. It has an estimated residual value of $11,025 and an estimated useful life of eight years. Dec. 31 Joumalize the transactions and the adjusting entries. Refer to the Chart of Accounts for exact wording of account titles Jou Journalize the transactions and the adjusting entries. Refer to the Chart of Accounts for exact of account titles. Scroll down to access pages 2 and 3 of the journal. Do not round intermedia calculations. Journalize the Year 1 transactions and adjusting entries on Page 1 ACCOUNTING Journalize the Year 2 transactions and adjusting entries on Page 2 JOUR ACCOUNTING METS Journalize the Year 3 transactions and adjusting entries on Page 3. JOURNAL ACCOUNTING BETON curios DI Journalize the Year 2 transactions and adjusting entries on Page 2 JOURNAL ACCOUNTING GREAT Journalize the Year 3 transactions and adjusting entries on Page 3 JOUR ACCOUNTING the transactions and the adjusting entries. Refer to the Chart of Accounts for exact wording titles. Scroll down to access pages 2 and 3 of the journal. Do not round intermediate the Year 1 transactions and adjusting entries on Page 1 JOURNAL ACCOUNTINGTON TO POOCH the Year 2 transactions and adjusting entries on Page 2 ACCOUNTING ON the Year 3 transactions and adjusting entries on Page 3 JOURNAL ACCOUNTINGTON BOTTOM DICTION UITO TOUT the Year 2 transactions and adjusting entries on Page 2 ACCOUNTING ETON mm the Year 3 transactions and adjusting entries on Page 3. JOUR ACCOUNTING EQUATION CON