At the end of its first year, the trial balance of Wildhorse Company shows Equipment $26,840 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be $3,355. (a1) Your Answer Correct Answer Your answer is correct. Prepare the annual adjusting entry for depreciation at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry.) Date Account Titles and Explanation Dec. 31 Depreciation Expense Accumulated Depreciation-Equipment Debit 3,355 Credit 3,355 SUPPO Post the adjustments to T-accounts. Depreciation Expense 12/31 3,355 Accumulated Depreciation-Equipment 12/31 3,355 Indicate the balance sheet presentation of the equipment at December 31. Add Less eTextbook and Media WILDHORSE COMPANY Partial Balance Sheet $ $