Builde... NWP Assessment Play On May 1, 2017, Cripe Corporation paid $50,000 cash for equipment that will be used in business operations. What is the adjusting journal entry made on December 31, 20Y7 to properly record depreciation expense of $9,000? Debit equipment; credit cash B Debit depreciation expense; credit equipment Debit accumulated depreciation; credit depreciation expense None of the choices are correct Debit depreciation expense; credit accumulated depreciation Question 7 When a company performs a service but does not receive cash at the time of service, which account will be debited? A dividends cash accounts receivable. D accounts payable 1.4 Points