In the requirement 2, we need to determine the DATE (jan 1 or dec 31). Thank you.

Suppose that on January 1 Sunbeam Travel Company paid cash of $50,000 for equipment that is expected to remain useful for four years. At the end of four years, the equipment's value is expected to be zero. Read the requirements 1. Make journal entries to record (a) purchase of the equipment on January 1 and (b) annual depreciation on December 31. Include dates and explanations, and use the following accounts: Equipment: Accumulated DepreciationEquipment, and Depreciation Expense-Equipment 1a. Record the purchase of the equipment. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journal Entry Accounts and Explanation Date Debit Credit Jan Accounts Payable Accounts Receivable Accumulated Depreciation-Building Accumulated Depreciation-Computer Equipment Cash Depreciation ExpenseBuilding Depreciation Expense-Computer Equipment Equipment 1b. Record the entry for Date Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. ? Suppose that on January 1 Sunbeam Travel Company paid cash of $50,000 for equipment that is expected to remain useful for four years. At the end of four years, the equipment's value is expected to be zero. Read the requirements 1. Make journal entries to record (a) purchase of the equipment on January 1 and (b) annual depreciation on December 31. Include dates and explanations, and use the following accounts: Equipment: Accumulated Depreciation-Equipment; and Depreciation Expense-Equipment. 1a. Record the purchase of the equipment. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journal Entry Date Accounts and Explanation Debit Credit Jan 1b. Record the entry for Disposed of equipment. Purchase building Date Purchase equipment Purchase equipment on account. Choose from any list or Purchase supplies. Record depreciation expense. Debit Credit to the next question. Suppose that on January 1 Sunbeam Travel Company paid cash of $50,000 for equipment that is expected to remain useful for four years. At the end of four years, the equipment's value is expected to be zero. Read the requirements. 2. Post to the accounts and show their balances at December 31 Accumulated Depreciation- Equipment Depreciation Expense- Equipment Equipment Bal Bal Bal 3. What is the equipment's book value at December 31? Use the table below to calculate the book value of the equipment. Less: Book value at December 31 Choose from any list or enter any number in the input fields and then continue to the next question Suppose that on January 1 Sunbeam Travel Company paid cash of $50,000 for equipment that is expected to remain useful for four years. At the end of four years, the equipment's value is expected to be zero. Read the requirements. 2. Post to the accounts and show their balances at December 31 Accumulated Depreciation- Equipment Depreciation Expense- Equipment Equipment Bal Bal Bal 3. What is the equipment's book value at December 31? Use the table below to calculate the book value of the equipment. Less Book value at December 31 Choose from any list or enter any number in the input fields and then continue to the next