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    CGOODSON's Avatar
    CGOODSON Posts: 1, Reputation: 1
    New Member
     
    #1

    Dec 12, 2008, 08:24 AM
    Adjustments/Adjusted Trial Balance
    :confused:I am stuck I have worked out the unadjusted trial balance and I think I have gotten thrown off by the adjustments because the adjusted trial balance is not coming out with the same total for debits and credits. I have tried to rework for a couple of hours. Here is the question, you have an unjusted trial balance of Accumumated Depreciation of 20,500, I had to add the Depreiciation Expense account in and the depreciation of equipment during the year is 2,900. I have tried to re work this problem for a while. Please tell me what I'm doing wrong. I added the 20,500-Acc. Dep. And the 2,900-Dep. Exp. And got 23,400.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Dec 12, 2008, 03:02 PM

    The adjusting entry is:
    Debit Depreciation Expense for 2,900
    Credit Accumulated Depreciation for 2,900

    Accumulated Depreciation is a Contra Asset Account.
    Gato10's Avatar
    Gato10 Posts: 1, Reputation: 1
    New Member
     
    #3

    Mar 9, 2009, 10:54 PM
    2900

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