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ssica Grewal decided to open a food truck business, the Samosa Shack. She encountered the following transactions in anaging her equipment over the first 2 years of her business Apri1 1, 2021 October:1, 2021 December 31,2021 Agri1 1, 2022 Decenbec 31, 2022 March 31, 2023 Purchased food truck for $69,0e0 and paid $6,900 to have a consercial oven Installed. other costs that she incurred are $6,900 for insurance on the truck for the first year, and 53 , eee to have the truck painted with her Samosa Shack logo. Jessica estinates that the truck would last s years. and have a $12,090 residual value. The oven is also expected to last 5 years and have a $1,200 residual value. The oven broke down and cost $1,80e to ropair. Reconded the adjusting entry for deprectation and insurance. Replaced all of the tiros with all-season tires for $2,400 and poid another year of insurance for 36,9ee. Recorded the adjusting entry for deprectation andyinsurance. Jessica was exhausted from the food truck business, and decided to go back to school and sel1 the food truck to her frlend Mark. He paid her $33, eoo for the truck aod oven, which included $1,200 for the oven coeponent. - You received partial credit in the previous ottempt. Apri1 1, 2022 Docentien 31, 2022 Harch 31, 2023 Replaced all of the tires with all-season tires for $2,400 and paid another year of insurance for $5,900. Recorded the adjusting entry for depreciation and insuraoce. Jessica was exhausted from the food truck business, and declded to go back to school and sell the food truck to ber frlend Mark. He paid her 33,0e0 for the truck and oven, which inc luded 51,2e0 for the oven component. Nove: The company calculates depreciation using the straight-line method to the nearest month Required: Record all the entries for the 2 years that Jessica owned the truck, uncludang the disposal of the trukk and oven

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