On July 1,2024, Kingbird Company purchases equipment for $21,600 cash. The company uses straight-line depreciation. It estimates the equipment will have a 10-year life. Kingbird Company has a December 31 year end. (a) Record the purchase of the equipment. (Credit occount tities are outomotically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts. List debit entry before credit entry