Required information The following information applies to the questions displayed below) Randy's Restaurant Company (RRC) entered into the following transactions during a recent year April 1 Purchased equipment (a new walk in cooler) for $9,000 by paying $3,000 cash and signing a $6,000 note due in six months. April 2 Enhanced the equipment (by replacing the air-conditioning system in the walk-in cooler) at a cost of $5,000, purchased on account. April 3e wrote a check for the amount owed on account for the work completed on April 2. May 1 A local carpentry company repaired the restaurant's front door, for which RRC wrote a check for the full $320 cost. June 1 paid $13.920 cash for the rights to use the name and store concept created by a different restaurant that has been successful in the region. Required: 1-a. Complete the table below, indicating the account, amount and direction of the effect for the above transactions (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Assets Liabilities Date April 01 Stockholders' Equity April 02 April 30 May 01 June 01 Reg 1B Reg 2 Req 3 Prepare the journal entries for each of the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list EX > 1 Record the purchase of a new walk-in cooler for $9,000 paying $3,000 cash and signing a note for the rest. 2 Record the equipment (by replacing the air conditioning system in the walk-in cooler) at a cost of $5,000, purchased on account. walk-in 3 Record the payment in full for the installation of the air conditioning system rodit 4 Record the payment of $320 incurred on the repairs to the restaurant's front door. 5 Record the franchise rights purchased for $13.920 for the use of the name and store concept that was created by a different restaurant = journal entry has been entered Record entry Clear entry Note View general journal Complete this question by entering your answers in the tabs below. Req 1B Reg 2 Reg 3 For the tangible and intangible assets acquired in the preceding transactions, determine the amount of depreciation and amortization that Randy's Restaurant Company should report for the quarter ended June 30. Equipment is depreciated using the straight-line method with a useful life of five years and no residual value. The RRC franchise right is amortized using the straight line method with a useful life of four years and no residual value. (Do not round intermediate calculations.) Show less Partial Year Equipment Franchise Rights Reg 1B Reg 2 Reg 3 Prepare a journal entry to record the depreciation and amortization calculated in requirement 2. (if no entry is required for a transaction/event, select "No Journal Entry Required in the first account lield.) View transaction list Journal entry worksheet 1 Record the depreciation and amortization expenses on the walk-in franchise rights for the quarter ended June 30 poler and N Note: Enter debits before credits. General Journal Debit Credit Date March 31 Record entry Clear entry View general journal