On January 1, Year 1, Beauty & the Bistro, Inc., purchased a $160,000 machine with an estimated useful life of 10 years or 500,000 units and a $10,000 salvage value. The machine actually produced 150,000 units in Year 1 and 120,000 units in Year 2. Record the depreciation adjusting entry for Year 1 using the activity method: DO NOT INCLUDE $ SIGNS IN YOUR ANSWER. Account Title Debit Credit On January 1, Year 1, Framer vs. Framer, Inc., purchased a $600,000 machine with an estimated useful life of 10 years or 500,000 frames and a $100,000 salvage value. The machine actually produced 150,000 frames in Year 1 and 120,000 frames in Year 2. Record the depreciation adjusting entry for Year 2 using the activity method: DO NOT INCLUDE $ SIGNS IN YOUR ANSWER. Account Title Debit Credit On January 1, Year 1, Vicious Cycle, Inc., purchased a $600,000 machine with an estimated useful life of 10 years or 500,000 bicycle frames and a $100,000 salvage value. The machine actually produced 150,000 bicycle frames in Year 1 and 120,000 bicycle frames in Year 2. Record the depreciation adjusting entry for Year 2 using the straight-line method: DO NOT INCLUDE $ SIGNS IN YOUR ANSWER. Account Title Debit Credit On January 1, Year 1, Daily Kneads, Inc., purchased a $360,000 machine with an estimated useful life of 5 years or 50,000 units and a $10,000 salvage value. The machine actually produced 15,000 units in Year 1 and 12,000 units in Year 2. Record the depreciation adjusting entry for Year 2 using the straight-line method: DO NOT INCLUDE $ SIGNS IN YOUR ANSWER. Account Title Debit Credit On January 1, Year 1, The Merchant of Tennis, Inc., purchased a $600,000 machine with an estimated useful life of 10 years or 500,000 units and a $100,000 salvage value. The machine actually produced 150,000 units in Year 1 and 120,000 units in Year 2. Record the depreciation adjusting entry for Year 1 using the straight-line method: DO NOT INCLUDE $ SIGNS IN YOUR ANSWER. Account Title Debit Credit