uestion 8 A. On July 1, 2020 ARC Co purchased patient for S1,200,000. The pulent legally protects the owner for 20 years the company plans to set for your Required: Prepare the journal cotty to record the nation expense on Dec 31, 2020 B. On January 1, 2017. Sur ca purchased equipment conting 5624,000. The equipment has been depreciated using the two method wieder etwas held an estimated useful life of years. On Apr 1, 2020, the company old the equipment for $250,000 Required:Prepare journal entries to record 1. The partial year's depreciation (the update) on April, 2020, 2. The sale of the equipment on April 1, 2020 YOUR ANSWIR SHOULD ON IN THE FOLLOWING PORM, DO NOT USE BETWEEN NUMISERS Dr. Cash 10000 Cr. Land 10000 For the toolbar, press ALT-F (PO) or ALT PN-F10 Mac) I. X to 14px Paragraph BIS Arial WOROS POWERED BY THE