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businessaccountingaccounting questions and answersch 3 homework question 2 of 13 view policies current attempt in progress at the end of its first year, the trial balance of blossom company shows equipment $33.600 and zero balances in accumulated depreciation equipment and depreciation expense. depreciation for the year is estimated to be $3,800. . prepare the annual adjusting entry for depreciation at
Question: CH 3 Homework Question 2 Of 13 View Policies Current Attempt In Progress At The End Of Its First Year, The Trial Balance Of Blossom Company Shows Equipment $33.600 And Zero Balances In Accumulated Depreciation Equipment And Depreciation Expense. Depreciation For The Year Is Estimated To Be $3,800. . Prepare The Annual Adjusting Entry For Depreciation At
CH 3 Homework
Question 2 of 13
View Policies
Current Attempt in Progress
At the end of its first year, the trial balance of B
Accumulated Depreciation-Equipment
Indicate the balance sheet presentation of the equipment at December 31.
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Solution:-
1.)Adjusting entry
Date
Account
Dr
Cr
Depreciation Expense
$3,800
Accumulated Depreciation - Equipment
$3,800
(To record depreciation expense)
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Transcribed image text: CH 3 Homework Question 2 of 13 View Policies Current Attempt in Progress At the end of its first year, the trial balance of Blossom Company shows Equipment $33.600 and zero balances in Accumulated Depreciation Equipment and Depreciation Expense. Depreciation for the year is estimated to be $3,800. . Prepare the annual adjusting entry for depreciation at December 31. (List all debit entries before credit entries Credit account title automatically indented when the amount is entered. Do not indent manly) Date Account Titles and Explanation Debit Credit Dec 31 Post the adjustments to accounts Depreciation Expense Accumulated Depreciation-Equipment Question List Question 11 htning trong tran Viewing Question 2 Accounting Question 3 Question 4 Ang Question 3 Ang Dron Question 6 Ang Question 7 ng Drop Question 8 Ang Question 0.78/1 y -21 insamesw -/1 (1 turcand 4/1 -11 4/1 1-01 GAN Not Accumulated Depreciation-Equipment Indicate the balance sheet presentation of the equipment at December 31. eTextbook and Media List of Accounts Save for Later Last saved 2 days ago Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. Blossom Company Balance Sheet (Partial) Attempts: 0 of 3 used MacBook Air Submit Amer Question 6 Accounting Dropdown Question 7 Question B Question 9 Accounting Dropdown Question 10 Accounting Dr Question 11 Accoung Dropdow Question 12 Question 13 Acting Dropdown 341 1 Not started 211 Tot start -/1 he started VE hot started 13 Mot 441 Notated