The balance in the equipment account before adjustment on De…
Questions
The bаlаnce in the equipment аccоunt befоre adjustment оn December 31 at the end of the current year is $60,000 and the balance of accumulated depreciation on December 31 at the end of the current year is $24,000. The adjustment amount for depreciation for the year is $12,000. What account should be credited in the journal (2) and for what amount to record the adjusting entry to record this depreciation based on this information? JOURNAL Page 25 date description p.ref. debit CREDIT Adjusting Entries 12/31 (1) ? (2) ?