GAK DEMO : lop th... S Microsoft Word -A Arctic region Arctic People Nati... Chapter 8 Question 1 of 3 Current Attempt in Progress Prepare all necessary journal entries for 2020, 2021, and 2022 related to each of the following scenarios. On January 1, 2020, Sustco ltd. purchased a piece of equipment for $19,000. At the time, management determined that the equipment would have a residual value of $3,000 at the end of its five year life. Sustco has a December 31 year end and uses the straight-line depreciation method. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Jan. 1. 2020 Dec. 31, 2020 Dec. 31, 2021 Dec 31, 2022 e Textbook and Media List of Accounts Question 1 of 3 On January 1, 2020, Sustco Ltd. purchased a piece of equipment for $19,000. At the time, management determined that the equipment would have a residual value of $3,000 at the end of its five year life. Sustco has a December 31 year end and uses the double-diminishing-balance method. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Jan. 1, 2020 Dec. 31, 2020 Dec. 31, 2021 Dec. 31 2022 e Textbook and Media List of Accounts M Gmail www/assessment-player/index.html?launchid=c6098989-0238-4589-992c-d36c55d79c3#/questior/o Maps GAK DEMO : Top th. Microsoft Word - A. @ Arctic region * Arctic People Nati... YouTube - Chapter 8 Question 1 of 3 > On September 30, 2020, Sustco Ltd. purchased a piece of equipment for $19,000. At the time, management determined that the equipment would have a residual value of $3,000 at the end of its five year life. Sustco has a December 31 year end and uses the straight-line depreciation method. Sustco ended up selling the piece of equipment on June 30, 2022, for $12,000. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Sept. 30, 2020 Dec 31, 2020 Dec 31, 2021 Jun 30, 2022 (To record depreciation expense) Jun 30 2022 (To record sale of equipment) Textbookand Media