The balance in the equipment account before adjustment on December 31, 2007 is $60,000 and the balance of accumulated depreciation on December 31, 2007 is $24,000. The adjustment amount for depreciation for the year is $12,000. What account should be debited in the journal (1) and for what amount to record the adjusting entry to record this depreciation based on this information? Page description debit CREDIT Adjusting Entries 12/31 (1) JOURNAL 25 date pret ? (2) ? Depreciation Expense $36,000 Equipment $12,000 O Accumulated Depreciation $12,000 O Depreciation Expense $12.000