Failure to record the adjusting entry for depreciation on equipment of $2900 will cause: the adjusted trial balance debit column total to be $2900 overstated and the credit column total to be $2900 understated. the adjusted trial balance debit column total to be $2900 understated and the credit column total to be $2900 understated. the adjusted trial balance debit column total to be $2900 understated and the credit column total to be $2900 overstated. the adjusted trial balance debit column total to be $2900 overstated and the credit column total to be $2900 overstated