Mark’s Repair Service uses the straight-line method of depreciation. The company's fiscal year end is December 31. The following transactions and events occurred during the first three years.

Mark’s Repair Service uses the straight-line method of depreciation. The company's fiscal year end is December 31. The following transactions and events occurred during the first three years.

2013		July	1		Purchased equipment from the Equipment Center for $5,500 cash plus sales tax of $305, and shipping costs of $250.
		Nov.	3		Incurred ordinary repairs on computer of $240.
		Dec.	31		Recorded 2013 depreciation on the basis of a four-year life and estimated salvage value of $455.
2014		Dec.	31		Recorded 2014 depreciation.
2015		Jan.	1		Paid $1,800 for a major upgrade of the equipment. This expenditure is expected to increase the operating efficiency and capacity of the equipment.

Prepare the necessary entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
2013 July 1
2013 Nov. 3
2013 Dec. 31
2014 Dec. 31
2015 Jan. 1