Question: Please Note: My current responses in picture may be wrong. Current Attempt in Progress Sandhill's Repair Service uses the straight-line method of depreciation. The company's

Please Note: My current responses in picture may be wrong. Current Attemptin Progress Sandhill's Repair Service uses the straight-line method of depreciation. ThePlease Note: My current responses in picture may be wrong.

Current Attempt in Progress Sandhill's Repair Service uses the straight-line method of depreciation. The company's fiscal year-end is December 31. The following transactions and events occurred during the first three years. 2021 July 1 2022 2023 Nov. 3 Dec. 31 Dec. 31 Jan. 1 Purchased equipment from the Equipment Center for $6,200 cash plus sales tax of $440, and shipping costs of $400. Incurred ordinary repairs on computer of $320. Recorded 2021 depreciation on the basis of a four-year life and estimated salvage value of $560. Recorded 2022 depreciation. Paid $1,600 for a major upgrade of the equipment. This expenditure is expected to increase the operating efficiency and capacity of the equipment. Prepare the necessary entries. (Credit account titles are automatically indented when the 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. Record journal entries in the order presented in the problem.) Date 2021 July 1 2021 Nov. 3 2021 Dec. 31 2022 Dec. 31 2023 Jan. 1 List of Accounts Account Titles and Explanation Equipment Cash Maintenance and Repairs Expense Cash Depreciation Expense Accumulated Depreciation-Equipment Depreciation Expense Accumulated Depreciation-Equipment Equipment Cash Debit Credit

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