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Prepare the annual adjusting entry for depreciation

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Question - At the end of its first year, the trial balance of Pharoah Company shows Equipment $23,400 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be $2,400. Prepare the annual adjusting entry for depreciation at December 31.

Reference no: EM133125495

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