Borden Realty The transactions for Borden Realty for the year 2000 have been recorded in the accounting system. This assignment requires you to prepare adjusting entries for December 2000. Dec. 31 A computer was purchased for $1,600 on January 1, 1998. The useful life of the computer is 4 years. Dec. 31 Dec. 31 Furniture costing $4,800 was purchased on January 1, 2000. The useful life of the furniture is estimated to be 10 years and the salvage value is $800. The amount of supplies available at the end of December was $850. The amount of supplies at the beginning of the period was $1,000. $1,850 of supplies were purchased during 2000. On September 1, 2000, Borden Realty had paid $6,600 as rent for a six month period. This had been recorded as prepaid rent. Dec. 31 DATE ACCOUNT DEBIT CREDIT 2000 Dec. 31 Dec. 31 Dec. 31 Dec. 31