The estimated amount of depreciation on equipment for the current year is $6,475, Journalize the acusting.entry to record the depreciation. Refer to the chart of accounts for the exact wording of the account titles. CNOW jouais do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW foumals w automatically indent a credit entry when a credit amount is entered, Journalize the acusting.entry to record the depreciation on December 31. Refer to the chart of accounts for the exact wording of the account folos. CNOW journals do not use Ines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit antry when a credit amount is entered PAGE 10 JOURNAL ACCOUNTING EQUATION DATE OSTRO DENT CREDIT ASSETS LIABILITIES EQUITY DESCRIPTION Adjusting Entries 2 1