A car valued at $30,000 has $600 of depreciation to be adjusted as of January 31st.

Which entry should be made?

• Debit Car, Credit Depreciation, both for $600
• Debit Accumulated Depreciation, Credit Car, both for $600
• Credit Accumulated Depreciation, Debit Depreciation Expense, both for $600
• Debit Accumulated Depreciation, Credit Depreciation Expense, both for $600