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3. In the unadjusted trial balance of its worksheet for the year ended December 31, 2017. Knox Company reported Equipment of $120,000. The year-end adjusting
3. In the unadjusted trial balance of its worksheet for the year ended December 31, 2017. Knox Company reported Equipment of $120,000. The year-end adjusting entries require an adjustment of $15,000 for depreciation expense for the equipment. After the adjusted trial balance is completed, what amount should be shown in the financial statement columns? (1 Point) A credit of 515.000 for Depreciation Expense-Equipment in the income statement column A debit of $120.000 for Equipment in the balance sheet column. A debit of $15.000 for Accumulated Depreciation-- Equipment in the balance sheet column A debit of $105.000 for Equipment in the balance sheet column
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