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    post9904 Posts: 1, Reputation: 1
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    #1

    Oct 16, 2010, 12:18 PM
    Adjusting entries for depreciation with balance
    The balance before adjusting depreciation is $8400. The equipment depreciates $250 per month. What is the adjusting entry?
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    pready Posts: 3,197, Reputation: 207
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    #2

    Oct 16, 2010, 01:19 PM

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

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