lunteer Information Center Test 1 Chapte wesnt r i nanagesian Weygandt, Financial & Managerial Accounting, 2e Brief Exercise 3-4 At the end of its first year, the trial balance of Nygaard Company shows Equipment $32,300 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreclation F the year is estimated to be $4,100. Prepare the adjusting entry for depreciation at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Dec. 31 Post the adjustments to T-accounts Indicate the balance sheet presentation of the equipment at December 31 Balance Sheet (Partial) Question Attempts: 0 of I used SAVE FOR LATE