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Is this correct? I know that the 30,000 is supposed to be 34,000. That's a typo on my part before snapping this screenshot. At December
Is this correct? I know that the "30,000" is supposed to be "34,000." That's a typo on my part before snapping this screenshot.
At December 31, the unadjusted trial balance of H&R Tacks reports Equipment of $34,000 and zero balances in Accumulated Depreciation and Depreciation Expense. Depreciation for the period is estimated to be $6,800 Required 1. Prepare the adjusting journal entry on December 31. 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. Complete this question by entering your answers in the tabs below. Required 1Required 2 Prepare the adjusting journal entry on December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1December 31 Depreciation Expense 6,800 Accumulated Depreciation 6,800 Required 1 Required 2> At December 31, the unadjusted trial balance of H&R Tacks reports Equipment of $34,000 and zero balances in Accumulated Depreciation and Depreciation Expense. Depreciation for the period is estimated to be $6,800 Required: 1. Prepare the adjusting journal entry on December 31 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance Complete this question by entering your answers in the tabs below Required 1Required 2 Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance Accumulated Depreciation-Equipment Depreciation Expense Beg. Bal Beg. Bal. AJE 30,000 6,800 End. Bal. 30,000 End. Bal. 6,800 Required Required 2Step by Step Solution
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