adjusting journal entires:

a. A laptop was purchased on January 1, 2016, and is being depreciated using the straight-line method over a period of 5 years with no salvage value. The purchase price was $1,500. Record the adjusting entry as of March 31, 2016. All previous months adjusting entries were made as required.

b. Office furniture was purchased on February 1, 2016, and is being depreciated using the straight-line method over a period of 7 years with no salvage value. The purchase price was $2,500. Record the adjusting entry as of March 31, 2016. The previous months adjusting entry was made as required.

c. A desk was purchased on March 1, 2016, and is being depreciated using the straight-line method over a period of 7 years with no salvage value. The purchase price was $2,750 Record the adjusting entry as of March 31, 2016.