At the end of its first year of operations, the trial balance of Wildhorse Company shows Equipment
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Question:
At the end of its first year of operations, the trial balance of Wildhorse Company shows Equipment $ and zero balances in Accumulated DepreciationEquipment and Depreciation Expense. Depreciation for the year is estimated to be $
Prepare the adjusting entry for depreciation at December Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No entry" for the account titles and enter for the amounts. List debit entry before credit entry.
Account Titles and Explanation
Debit
Credit
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
Indicate the balance sheet presentation for the equipment at December
Wildhorse Company
Balance Sheet Partial
choose the accounting period
enter a balance sheet item
$enter a dollar amount
select between addition and deduction
:
enter a balance sheet item
enter a dollar amount
$enter a subtotal of the two previous amounts
eTextbook and Media
List of Accounts
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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