Information from question d in case it is needed, no journal entry needed for this!: Their rental location was the site of a former pizzeria, and all the necessary equipment such as pizza ovens, counters, and refrigeration units were available. The landlord owned the equipment, and its cost to the company was included in the monthly lease payment. On July 2, the company did have to buy new furniture at a cost of $9,500, as well as plates, utensils, and cups for $3,700. Both the furniture and the tableware were paid in cash.

Please provide the journal entries and explanations! Using the accounting equation would be helpful to explain things. Thank you for your help, I will definitely leave a like!

q. The furniture acquired in (d) is expected to last 5 years and have a salvage value of $500. The company depreciates all assets on a straight-line basis. r. The tableware purchased in (d) is expected to last 3 years and have a salvage value of $100