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    tchtec's Avatar
    tchtec Posts: 5, Reputation: 1
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    #1

    Dec 7, 2011, 07:28 AM
    Need help with this adjusting entry:
    Annual depreciation is $3,600 on the building and $3,000 on equipment. How should this be posted in the gen jrl and t acct. HELP? Cannot find a good example in the text that applies, Is this a single entry?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Dec 7, 2011, 09:23 AM
    You can do a compound entry:
    Debit Depreciation Expense for the total amount
    Credit Accumulated Depreciation - Building for 3,600
    Credit Accumulated Depreciation - Equipment for 3,000
    tchtec's Avatar
    tchtec Posts: 5, Reputation: 1
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    #3

    Dec 7, 2011, 01:29 PM
    Thank you, I actually did Debit depreciation for 550, Credit Acc Dep Bldg for 300 and Credit Dep Eq for 250 and it worked out perfectly. I REALLY appreciate your help!

    Thx for your quick response !
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