On January 1, 2022, Larkspur Country Club purchased a new riding mower for $27,000. The mower...

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On January 1, 2022, Larkspur Country Club purchased a new riding mower for $27,000. The mower is expected to have a 8-year life with a $3,000 salvage value. What journal entry would Larkspur make on December 31, 2022, if it uses straight-line depreciation? (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Dec. 31 Account Titles and Explanation Debit Credit On January 1, 2022, Larkspur Country Club purchased a new riding mower for $27,000. The mower is expected to have a 8-year life with a $3,000 salvage value. What journal entry would Larkspur make on December 31, 2022, if it uses straight-line depreciation? (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Dec. 31 Account Titles and Explanation Debit Credit