Adjustment for Depreciation The estimated amount of depreciation on equipment for the current year is $7,090. Journalize the adjusting entry to record the depreciation. If an amount box does not require an entry, leave it blank. Adjustment for Depreciation The estimated amount of depreciation on equipment for the current year is $7,090. Journalize the adjusting entry to record the depreciation. If an amount box does not requ Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Cash Depreciation Expense Depreciation Payable Equipment Prepaid Depreciation Adjustment for Depreciation The estimated amount of depreciation on equipment for the current year is $7,094 Journalize the adjusting entry to record the depreciation. If an amount box does Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Cash Depreciation Expense Depreciation Payable Equipment Prepaid Depreciation