CALC Practice Brief Exercise 01 At the end of its first year, the trial balance of Sunland Company shows Equipment 533,100 andere ances in Accumulated Deprecation-ment and Depreciation pense Depreciation for the year is estimated to be $4,600 Prepare the adjusting entry for depreciation at December 31 Credit accounts are automatically indeed when the amount is entered. Do not intent manually) Date Account and Explanation Debit Dec. 31 Poat the adjustments to accounts Depreciation Express Accumulated Depreciation Equipment indicate the balance sheet presentation of the equipment of December 31 Sunland Company Balance Sheet(Partial Practice Brief Exercise At the end of trattat, the trial balance of Sunland Company shows 533,100 and bere balances in Accumulated Depreciation-oviment and Depreciation Expense. Depreciation for the year is estimated to be 34.000 Prepare the wing entry for depreciation at December 31. (Credit accountitles are avtomatically indented when the amount is entered. Do not inden manually) Dute Account Debat Dec 31 Accumulated Depreciation-Louipment Accumulated Depreciation opment Post the starts to accounts Depreciation Expense Accumulated Depreciation Equipment Indicare the bence sheet presentation of Decem Sunland Company