Print 1 . 16 17 18 19 20 21 22 23 > eferences Purchased additional equipment for $30,000 from Contemporary Equipment Company, issued Check 1030 for $20,000 and bought the rest on credit. The equipment has a five-year life and no salvage value. Note: Enter debits before credits. Date Debit Credit Jan 31, 20X2 General Journal Equipment Accounts payable Accumulated depreciation-Equipment 30.000 20,000 50,000 Record entry Clear entry View general Journal