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At the end of its first year, the trial balance of Blossom Company shows Equipment $22,200 and zero balances in Accumulated Depreciation - Equipment and
At the end of its first year, the trial balance of Blossom Company shows Equipment $22,200 and zero balances in Accumulated Depreciation - Equipment and Depreciation Expense. Depreciation for the year is estimated to be $3,600.
Post the adjustments to T-accounts. (Post entries in the order of journal entries presented in the previous part.)Step by Step Solution
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