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Cash $240 418 Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation, Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Rent
Cash $240 418 Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation, Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Rent Expense 144 3200 $480 307 960 1120 2401 800 400 5268 0 $5268 If the estimated depreciation for equipment were $480, the adjusting entry would contain a: credit to Accumulated Depreciation, Equipment for $480 O credit to Depreciation Expense, Equipment for $480. O debit to Accumulated Depreciation, Equipment for $480 O credit to Equipment for $480
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