On January 1, a company purchased equipment that cost $10,000. The company has not yet recorded depreciation, which is estimated at $1,800 per year. The company will prepare financial statements at the end of January. Complete the necessary journal entry. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

1 Record the depreciation for the month of January. Hote: Enter debits before credits. Date General Journal Debit Credit Jan 31