What adjusting journal entry should the company make at the end of each month if monthly financials are prepared (annual depreciation is $1,260)? (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Question 4 Bakesale Enterprises purchased equipment on May 1, 2018 for $6,300. The company expects to use the equipment for 5 years. It has no salvage value. What adjusting journal entry should the company make at the end of each month if monthly financials are prepared (annual depreciation is $1,260)? (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit What is the book value of the equipment at May 31, 2018? Book value of the equipment Click if you would like to Show Work for this question: Open Show Work