the purchase of land for a combination of cash and 15-year note would require which pf the following entries

egular entries: Jan. 1 In order to better service its growing business and manage its inventory more effectively. AWL purchased new computer equipment to run its inventory system for $131,000, paying cash. AWL's management determined that the new computer equipment would have a useful life of 5 years and have a residual value of $8,000. 1 AWL also entered into an agreement to lease a warehouse. This would allow the company to import larger shipments from its. Asian suppliers and reduce the impact of the long shipping times. In accordance with the lease terms, AWL paid $13,800, which represented the first six months' rent in advance. 13 A major hotel contacted AWL about supplying it with an 8 -metre saltwater aquarium for the lobby. AWL agreed to this and received a $43,000 payment from the hotel. AWL ordered the tank the same day and it was scheduled to arrive on February 25 . AWL has guaranteed that it will be installed before the end of February. 14 AWL paid ifs employees $9,000 for wages earned during the first two weeks of January. 15 AWL's board of directors declared dividends in the amount of $14,000, which will be paid on February 15. 19 AWL made sales totalling $62,000. Of this, half was cash and the balance was on account. The cost to AWL of the products sold was $40,000. Adjusting entries: Jan. 31 The company recorded the $9,000 in wages earned by employees during the last two wecks of the month. These. wages will be paid on February 1,2020