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View Full Version : What would the general journal entry be for an adjusting entry?


monicaluc
Nov 22, 2010, 03:15 PM
Depreciation for the month:
Factory equipment... $642.00
Office equipment... $369.70
What accounts are debited and credited?

pready
Nov 22, 2010, 03:53 PM
Debit Depreciation Expense for the total amount
Credit Accumulated Depreciation - Factory Equipment for 642.00
Credit Accumulated Depreciation - Office Equipment for 369.70