Question: At the end of its first year the trial balance

At the end of its first year, the trial balance of Boyer Company shows Equipment $22,000 and zero balances in Accumulated Depreciation—Equipment and Depreciation Expense. Depreciation for the year is estimated to be $2,750. Prepare the adjusting entry for depreciation at December 31, post the adjustments to T-accounts, and indicate the balance sheet presentation of the equipment at December 31.

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  • CreatedApril 07, 2014
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