At the end of its first year, the trial balance of Wildhorse Company shows Equipment $34,700 and zero balances in Accumulated Depreciation Equipment and Depreciation Expense. Depreciation for the year is estimated to be $3,690. Prepare the adjusting entry for depreciation at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Dec. 31 Post the adjustments to T-accounts. Accumulated Depreciation- Equipment Depreciation Expense v Indicate the balance sheet presentation of the equipment at December 31. Debit Wildhorse Company Balance Sheet (Partial) $ Credit $

At the end of its first year, the trial balance of Wildhorse Company shows Equipment $34700 and zero balances in Accumulated Depreciat kon-Equipment and Depreciation Expense Depreciation for the vear hestimated to be $3.690 Prepare the adjusting entry for de precigtion at December 31. (Credit account titles ore automotically indented when the amount bentered Do not indent manually. Post the adpitments to Tiaccounts Indicale the batance sheet presentation of the equpment at December at