Capital Expenditure and Depreciation; Parital$-$Year Depreciation

Willow Creek Company purchased and installed carpet in its new general offices on May $30$ for a total cost of $$7,584.$ The carpet is estimated to have a $8-$year useful life and no residual value.

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a$.$ Prepare the journal entry necessary for recording the purchase of the new carpet. If an amount box does not require an entry, leave it blank.

May $30$

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b$.$ Record the December $31$ adjusting entry for the partial$-$year depreciation expense for the carpet, assuming that Willow Creek uses the straight$-$line method. If an amount box does not require an entry, leave it blank. Do not round intermediate calculations.

Dec. $31$