At the end of its first year, the trial balance of Oriole Company shows Equipment $ 32,600 and zero balances in Accumulated DepreciationEquipment and Depreciation Expense. Depreciation for the year is estimated to be $ 3,770. 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	Debit	Credit
Dec. 31

Post the adjustments to T-accounts.

Depreciation Expense
12/31		12/31
Accumulated Depreciation Equipment
12/31		12/31

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

Oriole Company Balance Sheet (Partial)
			$
AddLess:					$