In Year one, McClintock Co. acquired a truck that cost $75,500 with an estimated $14,000 salvage value and 4 year estimated useful life. Depreciation in the first year was $15,375. McClintock had the following transactions involving plant assets during Year 2. Unless otherwise indicated, all transactions were for cash. 
Prepare the general journal entries to record these transactions.
Definitions:
Exchange Rate
The value of one currency for the purpose of conversion to another currency.
U.S. Dollar
The official currency of the United States of America, widely used for domestic and international transactions.
Japanese Yen
The official currency of Japan, which is one of the most traded currencies in the world.
Gold Standard
A monetary system where a country's currency or paper money has a value directly linked to gold, used historically by various nations.
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