On August 1. Bernhardt Manufacturing Company purchased equipment by issuing a $36,000 10%, 3-year note to Atlas Equipment. The equipment has a 6-year life and a salvage value of $6,000. Bernhardt follows a half-year convention refarding depreciation expense. If an asset is purchased in the first half of the year, a full-year's depreciation expense is recorded. If the asset is purchased in the second half of the year, no depreciation expense is recorded for that year. Complete the following tabular analysis after December 31 adjustments had been prepared

On August 1. Bernhardt Manufacturing Company purchased equipment by issuing a $36,00010%,3-year note to Atlas Equipment. The equipment has a 6 -year life and a salvage value of $6,000. Bernhardt follows a half-year convention regarding depreciation expense. If an asset is purchased in the first half of the year, a full-year's depreciation expense is recorded. If the asset is purchased in the second half of the year, no depreciation expense is recorded for that year. Complete the following tabular analysis after December 31 adjustments had been prepared: (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) On August 1. Bernhardt Manufacturing Company purchased equipment by issuing a $36,00010%,3-year note to Atlas Equipment. The equipment has a 6 -year life and a salvage value of $6,000. Bernhardt follows a half-year convention regarding depreciation expense. If an asset is purchased in the first half of the year, a full-year's depreciation expense is recorded. If the asset is purchased in the second half of the year, no depreciation expense is recorded for that year. Complete the following tabular analysis after December 31 adjustments had been prepared: (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)