On January $1,2021,$ your company purchased a T$-$Shirt Silk$-$screening printer for $$15,000$; it has an expected life of $5$ years with a zero salvage value. On July $1,2021,$ your company purchased a truck for $$22,000$; it has an expected life of $10$ years with a salvage value of $$2000.$ Enter the purchases and the December $31,2021$ adjusting $($Depreciation Expense$)$ entries below:

Date

Account

PR

Debit

Credit

Notes

In the Journal below, show the adjusting entries for vears $2-5$ for the T$-$Shirt Silk$-$screening printer; in the Notes, identify the Accumulated Depreciation Balance:

Date

Account

PR

Debit

Credit

Notes

In the Journal below, show disposal of the T$-$Shirt Printer $($in one case$)$ and sale of the T$-$Shirt Printer for $$500($in another case$)$: both transactions taking place on May $15,2026$:

Date

Account

PR

Debit

Credit

Notes

Cash

Equipment $-$ T$-$Shirt Printer

Auto $-$ Truck

Depreciation Exp $-$ Shirt Printer

Accumulated Dep $-$ Shirt Printer

Depreciation Expense $-$ Auto

Accumulated Dep $-$ Truck

Gain on Sale of Equipment