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Sandhill Company uses the straight-line method of depreciation. The company's fiscal year end is December 31 . The following transactions occurred during 2025. Jan. 1
Sandhill Company uses the straight-line method of depreciation. The company's fiscal year end is December 31 . The following transactions occurred during 2025. Jan. 1 Purchased equipment from the Sweet Acacia Company on account for $14,500 plus sales tax of $1,925 and shippir costs of $605. May 13 Paid for $520 routine maintenance on the equipment. Dec. 31 Recorded 2025 depreciation on the basis of a 3-year life and estimated salvage value of $6,830. Prepare the necessary entries. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually, List all debit entries before credit entries)
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