Depreciation for the current year includes Equipment, $980. The Accumulated Depreciation - Equipment unadjusted balance as of December 31 is $7,700.

Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid, Accrual, or Depreciation. Use Unadj. Bal. as the label for the opening balance of each account. Calculate the adjusted balance and use a Bal. posting reference to show the ending balance of each account. Enter each transaction on the first available line in the T-Account. Depreciation for the current year includes Equipment, $980. The Accumulated Depreciation - Equipment unadjusted balance as of December 31 is $7,700 Adjustment Type: Depreciation Depreciation Expense - Equipment Accumulated Depreciation - Equipment Unadj. Bal. 980 Dec. 31 7700 Unadj. Bal. Bal. 980 Bal