S3-8 Journalizing and posting determining book value On October 1, Orlando Gold Exchange paid cash of $57,600 for computers that are expected to remain useful for three years. At the end of three years, the value of the computers is expected to be zero. adjusting entry for depreciation and an Requirements 1. Calculate the amount of depreciation for the month of October using the straight- line depreciation method. 2. Record the adjusting entry for depreciation 3. Post the purchase of October 1 and the depreciation for the following accounts: Computer Equipment, Accumulated Depreciation- Computer Equipment, and Depreciation Expense-Computer Equipment. Show their balances at October 31 on October 31 on October 31 to T-accounts 4. What is the computer equipment's book value on October 31? *VctobEr 51? S3-9 Journalizing and posting an adjusting entry for unearned revenue Le Eastside Magazine collects cash from subscribers in advance and then mails the magazines to subscribers over a one-year period. Requirements 1. Record the journal entry to record the original receipt of $180,000 cash. 2. Record the adjusting entry that Eastside Magazine makes to record earning $8,000 in subscription revenue that was collected in advance 3. Using T-accounts, post the journal entry and adjusting entry to the accounts involved and show their balances after adjustments. (Ignore the Cash account.) S3-10 Journalizing and posting an