Week $6$: Assignment $2$

Question $12$ of $15$

$\frac{-}{10}$

Current Attempt in Progress

Carla Vista Company paid $$20,000$ to purchase equipment on January $1,2024.$ Carla Vista Company has a December $31$ fiscal year end and uses straight$-$line depreciation. The company estimates the equipment will have a $8-$year useful life.

$($a$)$

Prepare the journal entry to record the purchase of the equipment on January $1,2024.($Credit account titles are automatically indented when 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. List debit entry before credit entry.$)$

Date

Account Titles and Explanation

Debit

Credit

Jan. $\frac{1}{24}$

$$

$(1)12C$

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