Question 17 0.1 pts On September 1, 2016, the company pays $3,000 for one year of insurance. On September 1, 2016: The debit should be: The credit should be: The amount should be: (DO NOT ENTERA DOLLAR SIGN IN YOUR ANSWER. For example: ENTER 200 not $200 Question 18 0.1 pts On September 1, 2016, the company pays $3,000 for one year of insurance On December 31, 2016 (the adjusting entry): The debit should be: The credit should be: The amount should be: (DO NOT ENTER A DOLLAR SIGN IN YOUR ANSWER. For example: ENTER 200 not $200) Question 19 0.1 pts The company purchases equipment for $18,000 on February 1, 2016. The equipment will be useful for 3 years. The company records an adjusting entry for depreciation at the end of each year. On December 31, 2016 (the adjusting entry): The debit should be: The credit should be: The amount should be: (DO NOT ENTER A DOLLAR SIGN IN YOUR ANSWER. For example: ENTER 200 not $200 ) Question 20 0.1 pts The company purchases equipment for $18,000 on February 1, 2016. The equipment will be useful for 3 years. The company records an adjusting entry for depreciation at the end of each year. After recording the adjusting entry for depreciation at the end of the year 2016, the net book value of equipment is Inetbookvalue)