On January 1 of the cument year, Herkimes \& Co. purchases a group of seven taptops for its new hires. The laptops are purchased for $2.300 each with a residuai valive of $500 each Herkimer expocts the laptops to be used for 3 years. At the end of the current year, Henkmer 3 Co. sels two laptops for $1,800 each. Required: Propare the journat entries to record the purchase of the laptops, the deprociation on the liptage and the sale of the iastone in inar 1 . Prepare the journal entries to record the purchase of the laptops on January 1, and the depreclation for the year and sale of the laptops at December 31 . General Joumal instructions