Chp 3 Prepaid Expenses X + https:/ewconnect theducation.com/llo connecte Chp 3 Prepaid Expenses Saved Help Save & Exit Submit Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not ind completion Return to question 6 For each separate cose, record an adjusting entry of necessary 1428 points a Barga Company purchases $25.000 of equipment on January 1 The equipment is expected to last five years and be worth $3.000 at the end of that time b. Welch Company purchases $10.500 of land on January 1 The land is expected to last forever Prepare the entries to record one year's depreciation expense of $4.400 for the equipment and what depreciation adjustment, if any. should be made with respect to the Land account as of December 3f no entry is required for a transaction/event, select "No Journal entry required in the first account field) Coodie No Transaction Answer is complete but not entirely correct. General Journal Depreciation apprent Accumulated deprecat Deba 3.000 1 10.00 2 Land Logopa 10.500 * Prov 6 of Next > + e Search here