At December 31, the unadjusted trial balance of H&R Tacks reports Equipment of $27,000 and zero balances in Accumulated Depreciation and Depreciation Expense. Depreciation for the period is estimated to be $5,400. Required: 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the adjusting Journal entry on December 31. (IF no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction et Journal entry worksheet 1 > Record the adjusting entry on December 31 Now Enter dibits before credits General Journal Dobit Credit Date December 31 ME G At December 31, the unadjusted trial balance of H&R Tacks reports Equipment of $27,000 and zero balances in Accumulated Depreciation and Depreciation Expense. Depreciation for the period is estimated to be $5,400. Required: 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. Accumulated Depreciation Equipment Depreciation Expense Bog. Bal. Beg Bal End. Bai. End, Bal Required 1