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-   -   Adjusting entries for depreciation with balance (https://www.askmehelpdesk.com/showthread.php?t=517327)

  • Oct 16, 2010, 12:18 PM
    post9904
    Adjusting entries for depreciation with balance
    The balance before adjusting depreciation is $8400. The equipment depreciates $250 per month. What is the adjusting entry?
  • Oct 16, 2010, 01:19 PM
    pready

    Debit Depreciation Expense for the amount of depreciation
    Credit Accumulated Depreciation - Equipment for the amount

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