Instruction Depreciation on an office building is $10,800. Required: Prepare the adjusting entry on December 31. Refer to the Chart of Accounts for exact wording of account titles. Chart of Accounts CHART OF ACCOUNTS General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 13 Supplies EXPENSES 14 Prepaid Insurance 51 Advertising Expense 52 Insurance Expense 16 Office Building 17 Accumulated Depreciation Office Building 53 Interest Expense LIABILITIES 54 Wages Expense 55 Supplies Expense 56 Utilities Expense 21 Accounts Payable 22 Notes Payable 57 Depreciation Expense 23 Unearned Fees 59 Miscellaneous Expense 24 Wages Payable 25 Interest Payable Chart of Accounts 14 Prepaid Insurance 51 Advertising Expense 16 Office Building 52 Insurance Expense 17 Accumulated Depreciation Office Building 53 Interest Expense 54 Wages Expense LIABILITIES 55 Supplies Expense 21 Accounts Payable 56 Utilities Expense 22 Notes Payable 57 Depreciation Expense 59 Miscellaneous Expense 23 Unearned Fees 24 Wages Payable 25 Interest Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends General Journal Prepare the adjusting entry on December 31. Refer to the Chart of Accounts for exact wording of account titles. JOURNAL DATE DESCRIPTION POST. REF. Acco ASSETS DEBIT CREDIT 1 2