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lequired information The following information apolies to the questions displayed below] Steve's Outdoor Company purchased a new delivery van on January 1 for $62,000 plus

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lequired information The following information apolies to the questions displayed below] Steve's Outdoor Company purchased a new delivery van on January 1 for $62,000 plus $5,300 in sales tax. The company paid $14,300 cash on the van (including the sales tax), signing an 8 percent note for the $53,000 balance due in nine months (on September 30 ). On January 2, the company paid cash of $600 to have the company name and logo painted on the van, On September 30 , the company paid the balance due on the van plus the interest. On December 31 (the end of the accounting period). Steve's Outdoor recorded depreciation on the van using the straight-line method with an estimated useful life of 5 years and an estimated residual value of $6.200. squired: Indicate the effects of each transaction on the accounting equation ote: Enter decreases to occount cotegories as negetive omounts. If the transection does not impoct the occounting equation coose "No effect" in the first column under "Assets

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