Suppose that on January 1, Tee Bird Golf Company paid cash of $10,000 for computers that are expected to remain useful for two years. At the end of two years, the computers' values are expected to be zero Requirements 1. Make journal entries to record (a) purchase of the computers on January 1 and (b) annual depreciation on December 31. Include dates and explanations and use the following accounts: Computer Equipment, Accumulated Depreciation-Computer Equipment, and Depreciation Expense-Computer Equipment. 2. Post to the accounts and show their balances at December 31. 3. What is the computer equipment's carrying amount at December 31? Requirement 1. Make journal entries to record (a) purchase of the computers on January 1 and (b) annual depreciation on December 31. Include dates and explanations and use the following accounts: Computer Equipment, Accumulated Depreciation-Computer Equipment, and Depreciation Expense-Computer Equipment. 1a. Record the purchase of the computer equipment. (Record debits first, then credits. Explanations will appear on the last line of the journal entry.) Journal Entry Account and Explanation Date Debit Credit Jan. b. Record the entry for the annual depreciation. (Record debits first, then credits. Explanations will appear on the last line of the journal entry.) Journal Entry Date Account and Explanation Debit Credit Dec. Requirement 2. Post to the accounts and show their balances at December 31. (Leave unused cells blank.) Accumulated Depreciation- Computer Equipment Depreciation Expense- Computer Equipment Computer Equipment Bal. Bal. Bal. Requirement 3. What is the computer equipment's carrying amount at December 31? Use the table below to calculate the book value of the computer equipment. Less: Book value at December 31