[laylam25]

I am working on posting adjusting entries. Bought equipment may 3 $4700, bought vehicle may 18 $31000, and bought furniture June 22 $3300. The adjustments for July are depreciation: $400 equipment, $210 furniture and $650 vehicles. I know what accounts they need to go under just not sure of the calculation to get the correct amount. I can't decide if I should subtract depreciation from the totals or just record the 400 210 and 650 in the journal I know I need to debit depreciation expense and credit accum. Depreciation. Not finding much information in my book

[pready]

From the statement "adjustments for july are depreciation: $400, equipment, $210 furniture and $650 vehicles" you are given the amounts for depreciation.
Debit Depreciation Expense for the total amount
Credit Accumulated Depreciation - Equipment for 400
Credit Accumulated Depreciation - furniture for 210
Credit Accumulated Depreciation - vehicles for 650

[laylam25]

Thank you! I was thinking that but wasn't sure if I'd have to calculate the months it was used.