a. Barga Company purchases $31,000 of equipment on January 1, 2017. The equipment is expected to last five years and be worth $4,200 at the end of that time b. Welch Company purchases $11,100 of land on January 1, 2017. The land is expected to last indefinitely. Record the depreciation adjustment on equipment on December 31, 2017. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record depreciation adjustment on land, if any Note: Enter debits before credits. Transaction General Journal Debit Credit b