Calculate annual depreciation for a piece of furniture using the straight$-$line method and then record the adjusting journal entry. The furniture cost $$22,000,$ has a useful life of five

years, and has a salvage value of $$2,000.$

Notes:

Enter all debits within the transaction prior to entering any credits.

To earn any credit for a given line within the journal entry, the account name must be correct. Partial credit is given for a correct account name with an incorrect amount; full credit

is given for a correct account name with the correct amount.

Do not include journal entry explanation when submitting your answer.

It may not be necessary to use all visible rows to record each journal entry.

Record journal entries in the order in which the transactions are presented.