Check my work mode: This shows what is correct or incorrect for the work you have completed so far. indicate complation Return to questic 3 1 points 03:56:47 For each separate case, record an adjusting entry (if necessary). a. Barga Company purchases $33,000 of equipment on January 1. The equipment is expected to last five years and be worth $4,600 at the end of that time. b. Welch Company purchases $11,300 of land on January 1. The land is expected to last forever. Mc Graw Prepare the entries to record one year's depreciation expense of $5,680 for the equipment and what depreciation adjustment, if any, should be made with respect to the Land account as of December 31? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Answer is not complete. < Prev 3 of 12 Next >