On January 1, 2019, the company purchased equipment that cost $10,000. The equipment is expected to be worth about (or has a salvage value of) $1,000 at the end of its useful life in five years. The company uses straight- line depreciation. It has not recorded any adjustments relating to this ote: Enter debits before credits. Date General Journal Debit Credit Dec. 31 On November 1, the company rented space to another tenant. A check in the amount of $9,000, representing three months' rent in advance, was received from the tenant on that date. The payment was recorded with a credit to the Unearned Rent Revenue account. ote: Enter debits before credits. General Journal Debit Credit Date Dec. 31