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AutoSave 2 Thuis Tocts 2 Sp 20-1.xlsx - Excel Scarch odwin granados 1G ca File Home Insert Page Layout Formulas Data Review View Help Share Comments C20 K 1 M N P 0 R S T U 2 4 5 6 A B D E F G H 6- Record the journal entries for the following (assume straight-line method) 8/1/X1 - Wrote check#38 for $320000 to purchase equipment. 12/31/X1 - The equipment's estimated life is 5 years and its salvage value $32000. 12/31/X2 - The equpment's estimated life is 5 years and its salvage value $32000. 3/1/X3 - Sold the equipment for $240000. General Journal Date Account/Explanation PRI Debit Credit 8/1/20X1 (C# 38 - new equipment) 12/31/20X1 (Allocate cost of equipment) 12/31/20X2 (Allocate cost of equipment) 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 3/1/20X3 (Update depreciation) 3/1/20X3 (Sold equipment) 1 2 3 4 5 6 7-9 1129 & Type here to search o Ei N X 4:33 PM 4/26/2021