lal Final Exam spring 2020 Question 20 of 50 > View Policies -12 E Current Attempt in Progress Nash's Trading Post, LLC purchased equipment for $11100 on December 1. It is estimated that annual depreciation on the computer will be $2220. If financial statements are to be prepared on December 31, the company should make the following adjusting entry: debit Depreciation Expense, $185; credit Accumulated Depreciation, $185. O debit Depreciation Expense, $2220; credit Accumulated Depreciation, $2220. O debit Equipment, $11100; credit Accumulated Depreciation, $11100. O debit Depreciation Expense, $8880; credit Accumulated Depreciation, $8880. Save for Later Attempts: 0 of 1 used Submit