The trial balance for Marigold Corp. appears as follows:

Marigold Corp. Trial Balance December 31, 2017

CREDIT DEBIT

Cash $240

Accounts Receivable 418

Prepaid Insurance 66

Supplies 144

Equipment 3200

Accumulated Depreciation, Equipment $480

Accounts Payable 307

Common Stock 960

Retained Earnings 1120

Service Revenue 2401

Salaries and Wages Expense 800

Rent Expense 400 0

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$5268 $5268

If the estimated depreciation for equipment were $480, the adjusting entry would contain a:

a. credit to Accumulated Depreciation, Equipment for $480.

b. credit to Equipment for $480.

c. credit to Depreciation Expense, Equipment for $480.

d. debit to Accumulated Depreciation, Equipment for $480.