TERMy work asting Crown Construction entered into the following transactions during a recent year. January 2 Purchased a bulldozer for $238,000 by paying $21,900 cash and signing a $216,100 note. January 3 Replaced the steel tracks on the bulldozer at a cost of $23,800, purchased on account. January 30 wrote a cheque for the amount owed on account for the work completed on January 3. February 1 Replaced the seat on the bulldozer and wrote a cheque for the full $1,550 cont. 1 Paid $13,800 cash for the rights to use computer software for a two-year period. March equired: a. Analyze the accounting equation effects. (Enter any decreases to accounts with a minus sign.) Date Assets Liabilites Jan. 2 Shareholder's Jan 3 Jan. 30 Feb. 1 Mar. 1 1-b. Prepare the journal entries for each of the transactions. (If no entry is required for a transaction required" in the first account field.) View transaction list Journal entry worksheet Wrote a cheque for the amount owed on account for the work completed on January 3. Note: Enter debits before credits. Date General Journal Debit Credit Jan 30 Record entry Clear entry View general Journal repare the journal entries for each of the transactions. (If no entry is required for a transaction/event, red" in the first account field.) iew transaction list Journal entry worksheet Applicant B Brock Sakal ACTO-1001-001 X > Question ? Connect #estomheducation.com/ext/map/index.html con conexternal browser-anchZ6A2525252Fwconnection.com 252F Lab 7 6 Help Sove & Ext Submit Check my work 4 5.6. Prepare the journal entries for each of the transactions of no entry is required for a transaction event select No journal entry required in the first account field.) 20 Viewration Journal entry worksheet SER IN 193 esc * 20 4 1 99 2. For the tangible and intangible assets acquired in the preceding transactions, determine the amount of depreciation and amortization that Casting Crown Construction should report for the quarter that ended March 31. The equipment is depreciated using the double-declining balance method with a useful life of five years and $47,600 residual value Equipment Licensing rights 3. Prepare a journal entry to record the depreciation and amortization calculated in requirement 2. of no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction lit 3. Prepare a journal entry to record the depreciation and amortization calculated in requirement 2. (If transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet