Requirement $3.$ Post the purchase of January $1$ and the depreciation on January $31$ to T$-$accounts for the following accounts: Computer Equipment, Accumulated Depreciation$-$Computer Equipment, and Depreciation Expense $-$ Computer Equipment. Show their balances at January $31.($Use dates as posting references to post the transactions. Use a "Bal." posting reference to show the ending balance of each account.$)$

Accumulated Depreciation$-$Computer Equipment

Denreciation Exnense$-$Comnuter Fauinment

On January $1,$ Buffalo Clothing Exchange paid cash of $$52,800$ for computers that are expected to remain useful for four years. At the zero.

Read the requirements.

Requirement $1.$ Calculate the amount of depreciation for the month of January using the straight$-$line depreciation method.

Begin by selecting the labels, than enter the amounts and compute the amount of depreciation for the month of January. $($Abbreviation $"0"$ for any zero balances.$)$

$\backslash$table$[[$Cost$,-,$Residual Value,$),$Useful Life,$+12$ months $=$ Straight$-$line depreciation,$],[,-$$$,0,),4,+12$ months $=$$$,1,100]]$

Requirement $2.$ Record the adjusting entry for depreciation on January $31.($Record debits first, then credits. Select the explanation on carefully and do not abbreviate. Use only the account names as provided in the requirements.$)$

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[$Jan$.31,$Depreciation Expense$-$Computer Equipment,$1,100,],[,$Accumulated Depreciation$-$Computer Equipment,,$1,100],[,,,],[,$To record depreciation on computer equipment.,,$]]$

Requirement $3.$ Post the purchase of January $1$ and the depreciation on January $31$ to T$-$accounts for the following accounts: Computer Equipment, and Depreciation Expense$-$Computer Equipment. Show their balances at January $31.($Use dates as posting references to $p$ the ending balance of each account.$)$