Required information 1 of 3 [The following information applies to the questions displayed below] Hulme Company operates a small manufacturing facility as a supplement to its regular service activities. At the beginning of 2020, an asset account for the company showed the following balances: Manufacturing equipment Accumulated depreciation through ook 2019 rint D erence $155,700 65,700 During 2020, the following expenditures were incurred for the equipment Major overhaul of the equipment on January 2, 2020, that improved efficiency Routine maintenance and repairs on the equipment $18,000 900 The equipment is being depreciated on a straight-line basis over an estimated life of 19 years with a $17,000 estimated residual value. The annual accounting period ends on December 31 Required: 1. Prepare the adjusting entry that was made at the end of 2019 for depreciation on the manufacturing equipment. (Do not round your intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < 1 Record the adjusting entry for depreciation on the manufacturing equipment during 2019. Note: Enter debits before credits. Transaction General Journal Debit Credit View general journal Record entry Clear entry 2 of 3 ts Required information [The following information applies to the questions displayed below.] Hulme Company operates a small manufacturing facility as a supplement to its regular service activities. At the beginning of 2020, an asset account for the company showed the following balances: Manufacturing equipment Accumulated depreciation through $155,700 65,700 2019 Book Print During 2020, the following expenditures were incurred for the equipment D ference Major overhaul of the equipment on January 2, 2020, that improved efficiency $18,000 Routine maintenance and repairs on the equipment 900 The equipment is being depreciated on a straight-line basis over an estimated life of 19 years with a $17,000 estimated residual value. The annual accounting period ends on December 31. 2. Starting at the beginning of 2020, what is the remaining estimated life? Remaining life years 10 art 3 of 3 ints Required information [The following information applies to the questions displayed below.] Hulme Company operates a small manufacturing facility as a supplement to its regular service activities. At the beginning of 2020, an asset account for the company showed the following balances: Manufacturing equipment Accumulated depreciation through $155,700 65,700 2019 eBook During 2020, the following expenditures were incurred for the equipment Print Reference Major overhaul of the equipment on January 2, 2020, that improved efficiency $18,000 900 Routine maintenance and repairs on the equipment The equipment is being depreciated on a straight-line basis over an estimated life of 19 years with a $17,000 estimated residual value. The annual accounting period ends on December 31. Required: 3. Prepare the journal entries to record the two expenditures during 2020. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record the expenditure for the major overhaul of the equipment. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry View general journal Clear entry 13 of 3 nts [The following information applies to the questions displayed below] Hulme Company operates a small manufacturing facility as a supplement to its regular service activities. At the beginning of 2020, an asset account for the company showed the following balances: Manufacturing equipment Accumulated depreciation through $155,700 65,700 2019 Book During 2020, the following expenditures were incurred for the equipment Print eference Major overhaul of the equipment on January 2, 2020, that improved efficiency $18,000 900 Routine maintenance and repairs on the equipment The equipment is being depreciated on a straight-line basis over an estimated life of 19 years with a $17,000 estimated residual value. The annual accounting period ends on December 31. Required: 3. Prepare the journal entries to record the two expenditures during 2020. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < 1 Record the expenditure for routine maintenance and repairs on the equipment. Note: Enter debits before credits. Transaction 2 Wineral Journal Debit Credit Record entry View general journal Clear entry