17a) On February 1st Tesla Co. purchased a truck for $25,000. Tesla paid $3000 in cash and took a note payable for the remainder amount. The note has a maturity of February 1st of 2024 and has an interest of 5% due at maturity. The estimated value of salvage is $5000 use the equipment account to record the truck. Adjusting Journal Entries With the information provided on 17a, make an adjusting journal entry with the following information. 17b) Record the depreciation for a 3-month period. Straight line depreciation with a 10-year useful life and no salvage value is used for equipment purchased in the previous years. The equipment was purchased and is depreciated using double-declining balance with a useful life of 20 years