The estimated amount of depreciation on equipment for the current year is $6.475 Joumalize the adusting entry to record the depreciation. Refer to the chart of accounts for the exact wording of the account titles. CNOW joumals do not use lines for journal explanations. Every Wine on a joumal page is used for debitor credit entries. CNOW journals will automatically indent a credil entry when a credit amount is entered cons art of Accounts CHART OF ACCOUNTS General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 13 Supplies EXPENSES 14 Prepaid Insurance 51 Advertising Expense 15 Land 52 Insurance Expense 16 Equipment 53 Rent Expense 17 Accumulated Depreciation Equipment 54 Salary Expense Chart of Accounts ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable EXPENSES 13 Supplies 14 Prepaid Insurance 51 Advertising Expense 15 Land 52 Insurance Expense 16 Equipment 17 Accumulated Depreciation-Equipment 53 Rent Expense 54 Salary Expense 55 Supplies Expense LIABILITIES 56 Utilities Expense 21 Accounts Payable 57 Depreciation Expense 22 Unearned Fees 59 Miscellaneous Expense Chart of Accounts 55 Supplies Expense LIABILITIES 56 Utilities Expense 21 Accounts Payable 57 Depreciation Expense 22 Unearned Fees 59 Miscellaneous Expense 23 Salaries Payable 24 Taxes Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends Journalrotho acusting entry to record the depreciation on December 31. Refer to the chart of accounts for the exact wording of the accounts. CNOW Journals do not use Anus for journal explanations. Every line on a jouma/ page is used for debut or credit entries. CNOW journals will automationty indent a credit only when a credit amount is entered PAGE 10 JOURNAL ACCOUNTING EQUATION POST. REF DEBIT CREDIT ASSETS LASILITIES DATE EQUITY DESCRIPTION Adjusting Entries 1 1