17 of 39 < View Policies Current Attempt in Progress -/4 E Sheridan Company purchased equipment for $12600 on December 1. It is estimated that annual depreciation on the computer will be $2520. If financial statements are to be prepared on December 31, the company should make the following adjusting entry: O debit Depreciation Expense, $2520; credit Accumulated Depreciation, $2520. O debit Equipment, $12600; credit Accumulated Depreciation, $12600. O debit Depreciation Expense, $10080; credit Accumulated Depreciation, $10080. O debit Depreciation Expense, $210; credit Accumulated Depreciation, $210. Save for Later Attempts: 0 of 1 used Submit