For each separate case below, follow the three-step process for adjusting the Accumulated Depreciation account at December 31. Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal. Step 3: Record the December 31 adjusting entry to get from step 1 to step 2. Assume no other adjusting entries are made during the year.

I just wrote numbers not correct by the way just to show the formating.

a. The Krug Company's Accumulated Depreciation account has a $14,500 balance to start the year. A review of depreciation schedules reveals that $15,800 of depreciation expense must be recorded for the year. Debit or Credit? 14,500 Debit Accumulated depreciation 14,500 Step 1: Determine what the current account balance equals. $ Step 2: Determine what the current account balance should equal. ait Da Credit Step 3: Record the December 31 adjusting entry to get from step 1 to step 2. Adjusting Entry Debit Insurance expense Equipment 223 11 b. The company has only one fixed asset (truck) that it purchased at the start of this year. That asset had cost $46,000, had an estimated life of 5 years, and is expected to have zero value at the end of the 5 years. Accumulated depreciation -Truck Step 1: Determine what the current account balance equals. Debit or Credit? 333 Debit or Credit? 22 Debit 22 Step 2: Determine what the current account balance should equal. $ - 22 Step 3: Record the December 31 adjusting entry to get from step 1 to step 2. Adjusting Entry Debit Accumulated depreciationTruck Credit 22 Rent expense c. The company has only one fixed asset (equipment) that it purchased at the start of this year. That asset had cost $36,000, had an estimated life of 7 years, and is expected to be valued at $5,200 at the end of the 7 years. Accumulated depreciation -Equipment Step 1: Determine what the current account balance equals. $ 22 Debit or Credit? 231 Credit Step 2: Determine what the current account balance should equal. $ 231 Step 3: Record the December 31 adjusting entry to get from step 1 to step 2. Adjusting Entry Debit Depreciation expenseTruck Credit Depreciation expense-Equipment