/ilm/take Assignment/takeAssignmentMain.do?invokeru&takeAssignmentSessionLocator=&inprogress=false Calculator Adjustment for depreciation Instructions Chart of Accounts Journal Instructions The estimated amount of depreciation on equipment for the current year is $7,700. Journalize the acustica entry to record the depreciation. Refer to the Chart of Accounts for exact wording of account stes. Calculator Adjustment for depreciation Instructions Chart of Accounts Journal Instructions Chart of Accounts Th CHART OF ACCOUNTS General Ledger ASSETS REVENUE 41 Fees Eamed 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 15 Land 16 Equipment 17 Accumulated Depreciation-Equipment EXPENSES 51 Advertising Expense 52 Insurance Expense 53 Rent Expense 54 Salary Expense 55 Supplies Expense 56 Utilities Expense 57 Depreciation Expense 59 Miscellaneous Expense LIABILITIES 21 Accounts Payable 22 Uneamed Fees 23 Salaries Payable 24 Taxes Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends All Inatructions Chart of Accounts Journal Instructions Chart of Accounts Th Journal Je Joumalize the astusting entry to record the depreciation on December 31. Refer to the Chart of Accounts for exact wording of accountinies. PAGE 10 JOURNAL ACCOUNTING EQUATION DATE POST. REY DENT CREDIT ASSETS LIABILITIES EQUITY DESORPTION Adjusting Entries 1 3 21 Accounts Payable 22 Uneamed Fees 23 Salaries Payable 24 Tanes Payable 57 Depreciation Expense 59 Miscellaneous Expense EQUITY 31 Common Stock 32 Retained Earrings