Depreciation for the year is estimated to be $3,150. Record the adjustment for depreciation in the tabular summary and indicate the adjusted balance in each account.

Brief Exercise 4-5 At the end of its first year, a tabular summary of transactions for Pina Colada Corp. before adjustments include the following selected account information Assets Liabilities+ Stockholders' Equity Accumulated Com Stock Rev. - (Depreciation) - Div Exp Equipment - Depreciation-Equipment Ba 25,200 Depreciation for the year is estimated to be $3,150. Record the adjustment for depreciation in the tabular summary and indicate the adjusted balance in each account. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets - Liabilities + Stockholders' Equity Exp - (Depreciation)- Accumulated Com Stock Equipment Depreciation-Equipment Rev iv. Bal Dec. 31 Adj. Bal 25,200