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LO 4.3 Review the excerpted Unadjusted Trial Balance Account Titles. When the period end adjustment for depreciation expense of $2,500 is recorded, which of

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LO 4.3 Review the excerpted Unadjusted Trial Balance Account Titles. When the period end adjustment for depreciation expense of $2,500 is recorded, which of the following response is correct. Unadjusted Trial Balance Account Title Equipment (Fixed Asset) Accumulated Depreciation Prepaid Rent Unearned Revenue 0000 100,000 15,000 Accumulated Depreciation will increase with a Debit Equipment will decrease with a Credit Accumulated Depreciation will increase with a Credit No adjusting entry is required at period end Debit 10,000 1,000 Credit

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