Juan Inc. purchased equipment for $600,000 cash on June 30, 2020. The equipment has an estimated useful life of 10 years with no salvage value. The company will depreciate the asset evenly over its useful life. a. Record the purchase of equipment on June 30, 2020. b. Record the adjusting entry required on December 31, 2020. Ref. 6/30 12/31 General Journal Account Name Dr. Cr. 0 0 0 0 0 0 0 0 c. Provide the balance sheet presentation of equipment on December 31, 2020. Note: Do not use negative signs with your answers. Juan Inc. Balance Sheet (excerpt) December 31, 2020 Equipment $ 0 Accumulated depreciation 0 Equipment, net $ 0 Please answer all parts of the question.