Instructions The estimated amount of depreciation on equipment for the current year is $8,095. Journalize the adlusting entry to record the depreciation. Refer to the chart of accounts for the exact wording of the account bites. CNOW journals do not use Ines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW Journals will automatically indent a credit entry when a credit amount is entered Chart of Accounts CHART OF ACCOUNTS General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 13 Supplies EXPENSES 14 Prepaid Insurance 15 Land 51 Advertising Expense 52 Insurance Expense 16 Equipment 17 Accumulated Depreciation-Equipment 53 Rent Expense LIABILITIES 54 Salary Expense 55 Supplies Expense 56 Utilities Expense 57 Depreciation Expense 59 Miscellaneous Expense 21 Accounts Payable 22 Unearned Fees 23 Salaries Payable 24 Taxes Payable Journal Journalize the adusting entry to record the depreciation on December 31. Refer to the chart of accounts for the exact wording of the accounts, CNOW journals do not use is for fourrul explanations. Every time on a journal paper is used for debut or cred entries. CNOW yournals wir automatically ident a credit entry where a credit amount is entered PAGE 1 JOURNAL ACCOUNTING EQUATION DEBIT POST RY CREDIT ASSETS DATE LIABILITIES EQUITY DESCRIPTION Adjusting Entries 1 2 5