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At December 31, the unadjusted trial balance of H&R Tacks reports Equipment of $34,000 and zero balances in Accumulated Depreciation and Depreciation Expense. Depreciation for
At December 31, the unadjusted trial balance of H&R Tacks reports Equipment of $34,000 and zero balances in Accumulated Depreciation and Depreciation Expense. Depreciation for the period is estimated to be $6,800 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 list Journal entry worksheet Record the adjusting entry on December 31 Note: Enter debits before credits Date General Journal Debit Credit December 31 Record entry Clear entry View general journal Required 1 Required 2>
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