Prepare all necessary journal entries for 2024,2025 , and 2026 related to each of the following scenarios: (a) Your answer is partially correct. On June 1, 2024, Pharoah Opportunity Ltd. ("PO") purchased a piece of equipment for $33,120. At the time, management determined that the equipment would have a residual value of $3,600 at the end of its six-year life. PO has a December 31 year end and uses the straight-line depreciation method. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) Solution Assistance Used Attempts: 2 of 2 used Using multiple attempts has impacted your score. 10% score reduction after attempt 1 Using multiple attempts has impacted your score. 10% score reduction after attempt 1 (b) Your answer is correct. Assume the same facts as in part (a) except that PO uses the double-diminishing-balance method for depreciation of equipment. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round the percentage rate to 2 decimal places, e.g. 15.25\% and final answer to 0 decimal places, e.g. 125. List all debit entries before credit entries.) eTextbook and Media Attempts: 2 of 2 used Using multiple attempts has impacted your score. 10% score reduction after attempt 1 Using multiple attempts has impacted your score. 10% score reduction after attempt 1 (c) Assume the same facts as in part (a) except that PO purchased the equipment on September 30 rather than on June 1. Also assume that PO ended up selling the piece of equipment on June 30,2026 , for $22,100. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when the amnunt is ontered no nat indent manually if nn entrv ic reauired colert "Nn Fatru" far