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Please show work. Thank you! March 25 Journal entry 0.0/2.0 points (graded) 3/25/X1: JPM purchased equipment for $40,000 by signing a note. The equipment, which

image text in transcribedPlease show work. Thank you!

March 25 Journal entry 0.0/2.0 points (graded) 3/25/X1: JPM purchased equipment for $40,000 by signing a note. The equipment, which is expected to be useful for 5 years and have a $0 salvage, will be depreciated using the straight line method. Select an option 3/25/20X1 Equipment Cash Accounts Payable Notes Payable Accumulated Depreciation Select an option

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