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 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 Journal no. 09/30/2026 adj for depreciation # ACCOUNT DEBITS CREDITS DESCRIPTION 1 Depreciation 266.67 adjustment for depreciation 2 Accumulated Depreciation 266.67 adjustment for depreciation 2. Save the form. 3. Make the entry recurring for fifty-nine months