Depreciation on equipment for the year is $5,520.

Required:

(a)

Record the journal entry if the company prepares adjustments once a year.*

(b)

Record the journal entry if the company prepares adjustments on a monthly basis.*

*Refer to the Chart of Accounts for exact wording of account titles.

Refer to the Chart of Accounts for exact wording of account titles.

PAGE 1

JOURNAL

	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT
1
2
3
4