The Jasmine Corporation purchased a notebook computer for $3,600 on December 1. The useful life of the notebook computer is estimated to be 3 years. If financial statements are to be prepared on December 31, the company should make the following adjusting entry: debit Depreciation Expense, $100; credit Accumulated Depreciation-Equipment, $100. debit Accumulated Depreciation-Equipment, $1,200; credit Depreciation Expense, $1,200. debit Depreciation Expense, $1,200; credit Accumulated Depreciation-Equipment, $1,200. debit Equipment, $100; credit Accumulated Depreciation-Equipment, $100