Question: I've answer the first 5 journal entries... unsure on how to do the rest. If you're able write your work/equation of the journal entry next

I've answer the first 5 journal entries... unsure on how to do the rest. If you're able write your work/equation of the journal entry next to it, that would be awesome!

I've answer the first 5 journal entries... unsure on how to dothe rest. If you're able write your work/equation of the journal entrynext to it, that would be awesome! Chapter 9 Homework (Algo) ASaved The following transactions and adjusting entries were completed by a paper-packagingcompany called Gravure Graphics International during 2018 and 2019. The company usesstraight-line depreciation for trucks and other vehicles, double-declining-balance depreciation for buildings, andstraight-line amortization for patents. points Print 2018 January 2 Paid $99,000 cashto purchase storage shed components. January 3 Paid $2,000 cash to havethe storage shed erected. The storage shed has an estimated life of

Chapter 9 Homework (Algo) A Saved The following transactions and adjusting entries were completed by a paper-packaging company called Gravure Graphics International during 2018 and 2019. The company uses straight-line depreciation for trucks and other vehicles, double-declining-balance depreciation for buildings, and straight-line amortization for patents. points Print 2018 January 2 Paid $99,000 cash to purchase storage shed components. January 3 Paid $2,000 cash to have the storage shed erected. The storage shed has an estimated life of 10 years and a residual value of $5,000. April 1 Paid $45,000 cash to purchase a pickup truck for use in the business. The truck has an estimated useful life of five years and a residual value of $3,000. May 13 Paid $900 cash for minor repairs to the pickup truck's upholstery. July 1 Paid $16,000 cash to purchase patent rights on a new paper bag manufacturing process. The patent is estimated to have a remaining useful life of five years. December 31 Recorded depreciation and amortization on the pickup truck, storage shed, and patent. 2019 June 30 Sold the pickup truck for $38,000 cash. (Record the depreciation on the truck prior to recording its disposal.) December 31 Recorded depreciation on the storage shed. Also determined that the patent was impaired and wrote off its remaining book value (i.e., wrote down the book value to zero). Required: Prepare the journal entries required on each of the above dates. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet Record the purchase of storage shed components for $99,000. Chapter 9 Homework (Algo) A Saved Requirea: Prepare the journal entries required on each of the above dates. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) View transaction list View journal entry worksheet points General Journal Debit Credit No 1 . Date January 02, 2018 Building Cash 99,000 99,000 Print 2 2,000 January 03, 2018 Building Cash 2,000 1 April 01, 2018 Equipment 45,000 Cash 45,000 May 13, 2018 Repairs and Maintenance Expense 900 Cash 900 July 01, 2018 Patent 16,000 Cash 16,000 View transaction list Journal entry worksheet Record the depreciation and amortization expense on the pickup truck, storage shed and patent for the year. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2018 Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the depreciation for the truck up to the date of sale. Note: Enter debits before credits. Date General Journal Debit Credit June 30, 2019 Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the sale of the truck for $38,000 cash. Note: Enter debits before credits. General Journal Debit Credit Date June 30, 2019 Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the Patent Amortization expense for the full year. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2019 Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the reversal of the accumulated amortization of patents. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2019 Record entry Clear entry View general journal View transaction list Journal entry worksheet

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