Depreciation on equipment for the year is $6,300. Required: (a) Record the journal entry if the company prepares adjustments once a year on December 31. Refer to the Chart of Accounts for exact wording of account titles. (b) Record the journal entry if the company prepares adjustments on a monthly basis on December 31. Refer to the Chart of Accounts for exact wording of account titles.
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Home » Business » Depreciation on equipment for the year is $6,300. Required: (a) Record the journal entry if the company prepares adjustments once a year on December 31. Refer to the Chart of Accounts for exact wording of account titles.