Journalize the adjusting entry required

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Reference no: EM13124369

on april 30 a business estimates depreciation on equipment used during the first year of operations to be $2900. A. journalize the adjusting entry required as of april 30th. B. if the adjusting entry in (a) were omitted, which items would be erroneously stated on (1) the income statement for the year and (2) the balance sheet as of april 30?

Reference no: EM13124369

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