MM Company paid $9,000 cash for Computer Equipment on January 1, 2020. The company expects to use the equipment for 3 years. Monthly depreciation expense on the asset is $250. Journalize the purchase of the Computer Equipment on January 1. Journalize the depreciation adjustment on January 31. jan 1 computer equipment -debit: $9,000 Accounts payable - credit: $9,000 jan 31