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LUS ACK NEXT Expense. Depreciation for the year is estimated to be $6,350. Prepare the adjusting entry for depreciation at December 31. (Credit account titles are manually and Depreciation n) n) 31. 20
Expert Answer
dec 31 depreciation expense Dr 6350
To accumulated depreciation 6350
T- accounts
depreciation expense
Dec 31 Depreciation provision 6350 Dec 31 profit &loss account 6350
accumulated depreciation
Dec 31 blalance 6350 Dec 31 Depreciation account 6350
