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Journal entry worksheet Record the purchase of equipment for $38,160 cash on April 1, 2024. At the time of purchase, the equipment is expected to be used in operations for six years (72 months) and have no resale or scrap value at the end. Note: Enter debits before credits. Beaver Construction purchases new equipment for $38,160 cash on April 1, 2024. At the time of purchase, the equipment is expected to be used in operations for six years ( 72 months) and have no resale or scrap value at the end. Beaver depreciates equipment evenly over the 72 months (\$530/month). Required: 1.82. Record the necessary entries in the Journal Entry Worksheet below. 3. Calculate the year-end adjusted balances of Accumulated Depreciation and Depreciation Expense (assuming the balance of Accumulated Depreciation at the beginning of 2024 is \$0). Complete this question by entering your answers in the tabs below. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account feld.) Calculate the year-end adjusted balances of Accumulated Depreciation and Depreciation Expense (assuming the balance of Accumulated Depreciation at the beginning of 2024 is $0 ). Journal entry worksheet Record the adjusting entry for depreciation on December 31, 2024, assuming the equipment is depreciated evenly over 72 months ($530/month). Note: Enter debits before credits

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