The estimated amount of depreciation on equipment for the current year is $8255 Joumalize the adjusong entry to record the depreciation Refer to the Chart of Accounts for exact wording of accountates. General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 13 Supplies EXPENSES 14 Prepaid Insurance 51 Advertising Expense 52 Insurance Expense 15 Land 53 Rent Expense 16 Equipment 17 Accumulated Depreciation-Equipment 54 Salary Expense 55 Supplies Expense 55 Supplies Experise 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 Journalize the alusta entry to record the depreciation on December 31. Refer to the Chart of Accounts for exact wording of account sites PAGE 10 JOURNAL ACCOUNTING EQUATION POST. ER DATE IT CREET ASSETS LARITIES ETY DESCRIPTION Adjusting Entries