On January 1, a company purchased equipment that cost $10,000. The company has not yet recorded...

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On January 1, a company purchased equipment that cost $10,000. The company has not yet recorded depreciation, which is estimated at $1,800 per year. The company will prepare financial statements at the end of January. Complete the necessary journal entry. Cash is paid the same time goods/services are used Expense is recorded (E+, -SE) Cash is decreased (A-) -10,000 (A-) (credit) Cash =- 10,000 (-SE, E+) (debit) Cash is paid the same time goods/services are used Cash is increased (A+) Asset Receivable decreases (A-) $1000 (A+) Asset receivable (debit) + 1800 (A+) Cash (debit) = 0 credit) On January 1, a company purchased equipment that cost $10,000. The company has not yet recorded depreciation, which is estimated at $1,800 per year. The company will prepare financial statements at the end of January. Complete the necessary journal entry. Cash is paid the same time goods/services are used Expense is recorded (E+, -SE) Cash is decreased (A-) -10,000 (A-) (credit) Cash =- 10,000 (-SE, E+) (debit) Cash is paid the same time goods/services are used Cash is increased (A+) Asset Receivable decreases (A-) $1000 (A+) Asset receivable (debit) + 1800 (A+) Cash (debit) = 0 credit)