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Below are two cases related to the depreciation of a building. In both cases, the company has a December 31 year-end. (Click the icon
Below are two cases related to the depreciation of a building. In both cases, the company has a December 31 year-end. (Click the icon to view Cases A & B.) Required For each case, prepare the journal entries to record depreciation for 2011 and 2017. Complete the journal entries for each case. (Record debits first, then credits. Explanations are not required.) Case A: Begin by preparing the entry to record depreciation for December 31, 2011. Date Dec. 31, 2011 Accounts Debit Credit Now prepare the entry to record depreciation for December 31, 2017. (Round to the nearest whole dollar.) Date Dec. 31, 2017 Accounts Debit Case B: Begin by preparing the entry to record depreciation for December 31, 2011. Date Dec. 31, 2011 Accounts Credit Debit Credit Now prepare the entry to record depreciation for December 31, 2017. (Round to the nearest whole dollar.) Date Dec. 31, 2017 Accounts Debit Credit
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