At the end of its first year of operations, the trial balance of Sweet Company shows Equipment $29,240 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be $1,940. Prepare the adjusting entry for depreciation at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation	Debit	Credit

Indicate the balance sheet presentation for the equipment at December 31.

Sweet Company Balance Sheet (Partial) December 31For the Year Ended December 31For the Quarter Ended December 31
			$
AddLess:					$