Step1 Determine what the current account balance equals. Step 2: Determine what the current account balance should equal Step 3: Record the Decmber 31 adjusting entry to get from step 1 to step 2 Assume no other adjusting entries are made during the year to start the year. A review for the schedules reveals that $24,800 of must be Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal Step 3: Record the December 31 adjusting entry to get from step 1 to step 2 s year. That as and i to have zero value at the end of the 5 -Truck Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal Step 3: Record the December 31 adjusting entry to get from step 1 to step 2 at the s be valued at $14.200 at the end of the 7 t asset one 000, had an estimated life and i Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal Step 3: Record the December 31 adjusting entry to get from step 1 to step 2