At December 31, the unadjusted trial balance of H&R Tacks reports Equipment of $27,000 and zero balances in Accumulated DepreciationEquipment and Depreciation Expense. Depreciation for the period is estimated to be $5,400.

1.Prepare the adjusting journal entry on December 31

2.Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance.