i need helo with requirement two and three please

40 Total points aw You received partial credit in the previous attempt. ! Required information [The following information applies to the questions displayed below] Randy's Restaurant Company (RRC) entered into the following transactions during a recent year. April 1 Purchased equipment (a new walk-in cooler) for 55,800 by paying $1,400 cash and signing a $4,400 note due in six months. April 2 Enhanced the equipment (by replacing the air-conditioning system in the walk-in cooler) at a cost of $3,400, purchased on account. April 30 Wrote a check for the amount owed on account for the work completed on April 2. May 1 A local carpentry company repaired the restaurant's front door, for which RRC wrote a check for the full $160 cost. June 1 Paid $10,080 cash for the rights to use the name and store concept created by a different restaurant that has been successful in the region 1-b. Prepare the journal entries for each of the above transactions 2. For the tangible and intangible assets acquired in the preceding transactions, determine the amount of depreciation and amortization that Randy's Restaurant Company should report for the quarter ended June 30. Equipment is depreciated using the straight-line method with a useful life of five years and no residual value. The RRC franchise right is amortized using the straight- line method with a useful life of four years and no residual value. 3. Prepare a journal entry to record the depreciation and amortization calculated in requirement 2. i o 2 search a You received partial credit in the previous attempt. Required information Reg 1B Reg 2 Req3 Prepare the journal entries for each of the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) No Date Credit 1 April 01 General Journal Equipment Cash Notes Payable (short-term) Debit 5,800 1,400 4,400 2 April 02 Equipment Accounts Payable 3.400 3.400 3 April 30 3.400 Accounts Payable Cash 3.400 4 May 01 180 Repairs and Maintenance Expense Cash 160 June 01 10.080 Franchise Rights Cash 10,080 9 e to search o a You received partial credit in the previous attempt. Required information Complete this question by entering your answers in the tabs below. Req 1B Reg 2 Req3 For the tangible and intangible assets acquired in the preceding transactions, determine the amount of depreciation and amortization that Randy's Restaurant Company should report for the quarter ended June 30. Equipment is depreciated using the straight-line method with a useful life of five years and no residual value. The RRC franchise right is amortized using the straight-line method with a useful life of four years and no residual value. (Do not round intermediate calculations.) Show less Equipment Franchise Rights Partial Year $ 5,800 $ 5,040 83 Reg 1B Reg 3 > Prev 4 of 5 !!! Next > DentaTUTE SPISESTUPILOTER PURINACTOTIS Vetememe OUTOFOFCIRROR HIRT Required information une method with a userur e or four years and no residuar value. 3. Prepare a journal entry to record the depreciation and amortization calculated in requirement 2 Complete this question by entering your answers in the tabs below. Reg 1B Reg 2 Reg 3 Prepare a journal entry to record the depreciation and amortization calculated in requirement 2. (If no entry is required for a transaction/event, select "No Joumal Entry Required" in the first account field.) No Debit Date March 31 Credit General Joumal No Journal Entry Required 1 to search o a