Determine the account and amount to be debited and the account and amount to be eredited for the following adjustment. Equip purchased for $$55,000$ on January $3,201,$ has an estimated life of $6$ years and an estimated salvage value of $$4,800.$ The firm the straight$-$fine method of depreciation. Determine the adjustment for the month ended Jantuafy $31,201.$

Note: Round your answers to $2$ decimal places.

Journal entry worksheet

$-1$

Record adjusting entry for depreciation.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,,$General Journal,Credit$],[$January $31,,,,],[,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$