Splish Brothers Inc. purchased equipment for $18000 on December 1. It is estimated that annual depreciation on the computer will be $3600. If financial statements are to be prepared on December 31 , the company should make the following adjusting entry: debit Depreciation Expense, $3600; credit Accumulated Depreciation, $3600. debit Depreciation Expense, $300; credit Accumulated Depreciation, $300. debit Equipment, $18000; credit Accumulated Depreciation, $18000. debit Depreciation Expense, $14400; credit Accumulated Depreciation, $14400