REINFORCE YOUR SKILLS 11-2 Create Depreciation Entries Upon review of the trial balance, you and Sadie...

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REINFORCE YOUR SKILLS 11-2 Create Depreciation Entries Upon review of the trial balance, you and Sadie agree that you need to record the depreciation for the equipment purchased for $16,000. In this exercise, you will create the journal entry for September for the depreciation and then make it recurring. You will need to add Depreciation as an Other Expense and a Fixed Asset account for the accumulated depreciation. 1. Create a journal entry for September for one month's depreciation expense on the equipment with a five-year life, dated September 30, 2026. (Be sure to use Kennel for the class.) Journal date 09/30/2026 Journal no. adj for depreciation # ACCOUNT 1 Depreciation. 2 Accumulated Depreciation DEBITS CREDITS DESCRIPTION 266.67 2. Save the form. 3. Make the entry recurring for fifty-nine months. adjustment for depreciation. 266.67 adjustment for depreciation REINFORCE YOUR SKILLS 11-2 Create Depreciation Entries Upon review of the trial balance, you and Sadie agree that you need to record the depreciation for the equipment purchased for $16,000. In this exercise, you will create the journal entry for September for the depreciation and then make it recurring. You will need to add Depreciation as an Other Expense and a Fixed Asset account for the accumulated depreciation. 1. Create a journal entry for September for one month's depreciation expense on the equipment with a five-year life, dated September 30, 2026. (Be sure to use Kennel for the class.) Journal date 09/30/2026 Journal no. adj for depreciation # ACCOUNT 1 Depreciation. 2 Accumulated Depreciation DEBITS CREDITS DESCRIPTION 266.67 2. Save the form. 3. Make the entry recurring for fifty-nine months. adjustment for depreciation. 266.67 adjustment for depreciation