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Yoshi Company completed the following transactions and events involving...

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Accounting

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Yoshi Company completed the following transactions and events involving its delivery trucks 2016 Jan. 1 Paid $20,515 cash plus $1,485 in sales tax for a new delivery truck estimated to have a five Dec. 31 Recorded annual straight-line depreciation on the truck. 2017 Dec. 31 Due to new information obtained earlier in the year, the truck's estimated useful life was year life and a $2,000 salvage value. Delivery truck costs are recorded in the Trucks account. changed from five to four years, and the estimated salvage value was increased to $2,400. Re- corded annual straight-line depreciation on the truck. 2018 Recorded annual straight-line depreciation on the truck. Sold the truck for $5,300 cash. Dec. 31 31 Required Prepare journal entries to record these transactions and events

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