Depreciation on equipment for the year is $$3,960.$

Question Content Area

a$.$ Journalize the adjusting entry, assuming the company prepares adjustments once a year. If an amount box does not require an entry, leave it blank.

blankAccountDebitCredit

blank

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

Question Content Area

b$.$ Journalize the adjusting entry, assuming the company prepares adjustments on a monthly basis. If an amount box does not require an entry, leave it blank.

blankAccountDebitCredit

blank

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$