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Quiz Quiz 1 Question 7 of 14 This quiz 14 po This question: 1 po pose On December 1, your company paid cash of $1,000 for computers that are expected to use f On Deconber 1 and (b) amortation on December 31, include dates and expiat expected od of the years, the value of the computers counts Computer Equpment Accumulated Around Care Ferst we will record the purchase of the computer equipment. Record debts first, then credits. Select the explanation on the last line of the journal entry table Journal Entry Dale Accounts and Explanation Debil Creat December 30 b Record omortion on December 31 berwarding wy onth of action Fa amortation) Before we can cord the amortization for one month we must calculate the expense. The cond of the captal et is spread otse expense, the one the formule to calculate the amount of amonton pense Round your answers to the nearest whole numbe Abbations used Amort Using the ants you celulated above, record the entry or one monty mozaton Record debits first, then credits Select the explanation on the last line of the pumaly Round amounts to the Journal Entry Time Remang 00414 WC Clear Submit qui unted de 201 446 200