How do you find the depreciation expense and accumulated depreciation value?

On January 1,2024 , the general ledger of TNT Fireworks includes the following account balances: During January 2024 , the following transactions occur: January 1 Purchase equipment for $21,500. The company estimates a residual value of $3,500 and a five-year service January 4 Pay cash on accounts payable, $11,500. January 8 Purchase additional inventory on account, $102,900. January 15 Receive cash on accounts receivable, $24,000. January 19 Pay cash for salaries, \$31,800. January 28 Pay cash for January utilities, $18,500. January 30 Firework sales for January total $240,000. All of these sales are on account. The cost of the units sold is $125,000. The following information is available on January 31,2024. a. Depreciation on the equipment for the month of January is calculated using the straight-line method. b. The company records an adjusting entry for $3,100 for estimated future uncollectible accounts. c. The company has accrued interest on notes receivable for January. d. Unpaid salaries owed to employees at the end of January are $34,600. e. The company accrued income taxes at the end of January $11,000. Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Depreciation on the equipment for the month of January is calculated using the straight-line method. Record the adjusting entry for depreciation. Note: Enter debits before credits