Shown below are the T-accounts relating to equipment that was purchased for cash by a company on the first day of the current yeac. The equipment was depreciated on a straight-line basis with an estimated useful life of 10 vears and a salvage value of $190. Part of the equipment was sold on the last day of the current year for cash proceeds. Prepare the journal entries to record purchase of equipment on January 1. (Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry' for the account titles and enter o for the amounts) What was the cash paid