The trial balance forKingbird, Inc.appears as follows:

Kingbird, Inc.

Trial Balance

December 31, 2022

Cash $320

Accounts Receivable 564

Prepaid Insurance 89

Supplies 194

Equipment 4320

Accumulated Depreciation, Equipment $650

Accounts Payable 415

Common Stock 1300

Retained Earnings 1510

Service Revenue 3232

Salaries and Wages Expense 1080

Rent Expense 540

$7107 $7107

If the estimated depreciation for equipment were $648, the adjusting entry would contain a:

credit to Depreciation Expense, Equipment for $648.

debit to Accumulated Depreciation, Equipment for $648.

credit to Equipment for $648.

credit to Accumulated Depreciation, Equipment for $648.