Practice Question 27 Queenan Company computes depreciation on equipment at $1,000 for the month of June. The adjusting entry to record this depreciation is as follows Depreciation Expense Accumulated Depreciation,Queenan Company Depreciation Expense 1,000 1,000 1,000 Equipment 1,000 Depreciation Expense Accumulated Depreciation,Equipment Equipment Expense Accumulated Depreciation, Equipment 1,000 1,000 1,000 1,000