For each separate cose, record an adjusting entry if necessary) a. Borge Company purchases $33,000 of equipment on January 1. The equipment is expected to last five years and be worth $4,600 at the end of that time. b. Welch Company purchases $11.300 of land on January 1. The land is expected to lost forever Prepare the entries to record one year's depreciation expense of $5,680 for the equipment and what depreciation adjustment, if any. should be made with respect to the Land account as of December 317 (if no entry is required for a transaction/event, select "No Journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record the depreciation adjustment on equipment on December 31. Note Enter debits before credits Transaction General Journal Debit Credit Prey 9 of 18 ! Next >