On January 1 , Ling Inc. purchased equipment for

$7,500

on January 1 for cash. The equipment depreciates

$125

per month.\ Record the following in tabular analysis form.\ The purchase of the equipment\ The annual adjustment for depreciation\ Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses.\ Increases in expenses require a negative sign or parentheses.\ Increases in Accumulated Depreciation require a negative sign or parentheses.\

$

Cash

$

Supplies

On January 1 , Ling Inc. purchased equipment for $7,500 on January 1 for cash. The equipment depreciates $125 per month. Record the following in tabular analysis form. 1. The purchase of the equipment 2. The annual adjustment for depreciation - Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses. - Increases in expenses require a negative sign or parentheses. - Increases in Accumulated Depreciation require a negative sign or parentheses