Saved At December 31, the unadjusted trial balance of H&R Tacks reports Equipment of $27,000 and zero balances in Accumulated Depreciation and Depreciation Expense. Depreciation for the period is estimated to be $5,400. Required: 1. Prepare the adjusting journal entry on December 31, 2 Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the adjusting journal entry on December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet K Record the adjusting entry on December 31. Note: Enter debits before credits. Credit Debit Date General Journal December 31