At December 31, the unadjusted trial balance of H& R Tacks reports Equipment of $ 30,000 and

Question:

At December 31, the unadjusted trial balance of H& R Tacks reports Equipment of $ 30,000 and zero balances in Accumulated Depreciation— Equipment and Depreciation Expense. Depreciation for the period is estimated to be $ 6,000. Prepare the adjusting journal entry on December 31. In separate T- accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance.