At December 31, the unadjusted trial balance of H&R; Tacks reports Equipment of

Question

At December 31, the unadjusted trial balance of H&R; Tacks reports Equipment of $31,500 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the period is estimated to be $6,300 red for a transactionlevent, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the adjusting entry on December 31. Note: Enter debits before credits Debit Credit Date December 31 Itecord entry O Type here to search ?? F2 F3 F4 FS F6 F7 F8 9 F1O F11 12 5 6

Explanation / Answer

Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations General Journal DR CR Dec 31 Depreciation Expense Dr                       6,300.00 To Accumulated depreciation - Equipment                                       6,300.00 Accumulated depreciation - Equipment By Beginning bal                                    -   To Ending Balance                       6,300.00 By Depreciation Expense                       6,300.00                       6,300.00                       6,300.00 Depreciation Expense To Beginning bal                                    -                                      -   To Accumulated depreciation - Equipment                       6,300.00 By Ending Bal                       6,300.00                       6,300.00                       6,300.00

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