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

Requirement 1. Calculate the amount of depreciation for the month of March using the straight-line depreciation method. Begin by selecting the labels, han enter the amounts and com te he amount o depreciation or e month o March. Abbreviation used A e re a on Accumulated e re ation nte a "O foran zeo lances. Cost Residual Value Useful Life 12 months 12 months$ Straight-ine depreciation $ 21,600 600 Requirement 2. Record the adjusting entry for depreciation on March 31. (Record debits first, then credits. Select the explanation on the last line of the joumal entry table.) Accounts and Explanation Debit Credit Date Mar. 31 Depreciation Expense-Computer Equipment 600 Accumulated Depreciation-Computer Equipment 600 To record depreciation on computer equipment