You are viewing Attempt 3 On January 2, 2018, Claymore Corporation purchased a vehicle for $62,500 cash. The company uses straight- line depreciation and estimates that the vehicle will have a five-year useful life. The company has a December 31 year end and adjusts its accounts annually. Prepare the adjusting entries required on December 31, 2018, and 2019. (Credit account titles are automatically intended 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.) Date Account Titles and Explanation Debit Crec Dec. 31, 2018 Dec. 31, 2019 Attempts: 0 of 3 used CLAYMORE CORPORATION Statement of Financial Position (partial) 2019 Property, Plant, and Equipment Carrying Amount Attempts: 0 of 3 used CLAYMORE CORPORATION Statement of Financial Position (partial) 2019 2018 Equipment Attempts: 0 of 3 used