Print tem Adjustment for depreciation Chart of Accounts Journal Instructions The estimated amount of depreciation on equipment for the current year is 514,400. Journalize the adjusting entry to redord the depreciation. Refer to the chart of accounts for the exact wording of the account i CNOWjournals do not use Ines for journal explanations. Every fine on a journal page is used for debitor creditentes CNOWjoumals will automatically indeedt entry in a crudt amount is entered A D HU Palette Adjustment for depreciation Instructions Journal Chart of Accounts CHART OF ACCOUNTS T General Ledger . ASSETS REVENUE 41 Fees Eamed 11 Cash EXPENSES 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 51 Advertising Expense 52 Insurance Expense 15 Land 16 Equipment 53 Rent Expense ste arch Journal Journalize the adjusting entry to record the depreciation on December 31. Refer to the chart of accounts for the stwording of the courte NOW ador use lines for journal explanations. Every line on a journal page is used for debitor credt entries CNOW Oumals witmatically indera credt entry when a credit ance is entered JOURNAL ACCOUNTING EQUATION CREDIT LILIT OUT POST RER DATE DESCRIPTION Adjusting Entries 1 2 2/2221 3 hp