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Prepare the t-accounts for each account

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Question - At December 31, the unadjusted trial balance of H&R Tacks reports Equipment of $31,500 and zero balances in Accumulated Depreciation and Depreciation Expense. Depreciation for the period is estimated to be $6,300.

Required -

Prepare the adjusting journal entry on December 31.

Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance.

Reference no: EM133035333

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