On January 1, 2019, Sheffield Country Club purchased a new riding mower for $20,000. The mower is expected to have an 5-year life with a $4,000 salvage value. What journal entry would Sheffield make at December 31, 2019, if it uses straight-line depreciation?

Do It! Review 9-2a On January 1, 2019, Sheffield Country Club purchased a new riding mower for $20,000. The mower is expected to have an 5-year life with a $4,000 salvage value What journal entry would Sheffield make at December 31, 2019, if it uses straight-line depreciation? (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 Click if you would like to Show Work for this question: Open Show Work