Prepare all necesary journal entries for 2024,2025 and 2026 felated to each of the followin s striarion: (a)] Your answer is carrect. On June 1, 2024, Pina Opportunity Lto, (PO7) purchased a piece of eccipment for $31.690. At the time, management determined that the equipment would have a residual value of 53,600 at the end of itw six-year life. PQhas a December 31 year end and uses the straight-line depreciation method (Record entries in the order disployed in the problem statement. Oredit occount tites are. automatically indented when the amount is entered. Do not indent nsanuelly. If no entry is required, seled "No Entry" for the occount titid and enter O for the amounts. List all debit entries before aredit entries) 19 is sore inductan aftec attempin 1 b) 6 Your answir is partially cotrect. RRecond entries in the order foplayed in the problem statement. Crefit account titles are automatically indented when the omount is entered. Do not indent manualy if no entry is required, select "Wo Entry" for the occount titles and enter 0 for the amounts. Pound the pertentage rote to 2 decimal places. es. 15.25 ) and finaf artower to D decimal ploces. es. 125. Lhit all debit entries before credit entries]