The Harris Company purchased equipment for

$9,000

on December 1. It is estimated that annual depreciation on the computer will be

$1,800

. If financial statements are prepared on December 31 , the adjusting entry is\ debit Equipment,

$9,000

; credit Accumulated Depreciation,

$9,000

.\ debit Depreciation Expense,

$7,200

; credit Accumulated Depreciation,

$7,200

.\ debit Depreciation Expense,

$150

; credit Accumulated Depreciation,

$150

.\ debit Depreciation Expense,

$1,80

; credit Accumulated Depreciation,

$1,800

.

The Harris Company purchased equipment for $9,000 on December 1. It is estimated that annual depreciation on the computer will be $1,800. If financial statements are prepared on December 31 , the adjusting entry is debit Equipment, $9,000; credit Accumulated Depreciation, $9,000. debit Depreciation Expense, $7,200; credit Accumulated Depreciation, $7,200. debit Depreciation Expense, $150; credit Accumulated Depreciation, $150. debit Depreciation Expense, $1,800; credit Accumulated Depreciation, $1,800