On January 1, 2017, suppose Risky Company purchases a computer for $5,000. The computer has a useful life 5 years and residual value of $0. Provide the entries in terms of the accounting equation for each date: 12/31/2017, 12/31/2018, 12/31/2019, 12/31/2020, 12/31/2021 as well.

Suppose you borrowed $500 from a bank on January 1, 2020 and agreed to repay it with 8% interest on January 1, 2021. Provide the entries in terms of the accounting equation for each date: 01/1/2020, 12/31/2020, and 01/01/2021 as well.

Required:

-Enter each transaction for the date specified in terms of the accounting equation, in the table provided.

-Then, directly below each table, enter the transaction in terms of debits and credits.