Question: Please provide account title and explanation as precise as possible (a) On June 1. 2024, Pina Opportunity Ltd. (PO) purchased a piece of equipment for

Please provide account title and explanation as precise as possible

(a) On June 1. 2024, Pina Opportunity Ltd. (PO") purchased a piece of equipment for $31,680. At the time, management determined that the equipment would have a residual value of $3.600 at the end of its six-year life. PO has a December 31 year end and uses. the straight-line depreciation method. (Record entries in the order displayed in the problem stotement. Credit account tities are gutomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Of for the amounts List all debit entries before credit entries) 11

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