Question: Before adjustment: Given For the current year, amortization on equipment is $2,000. Required a. Which of the three T accounts is not affected? b. Which

Before adjustment:

Given
For the current year, amortization on equipment is $2,000.

Required
a. Which of the three T accounts is not affected?
b. Which title is a contra-asset?
c. Draw a transaction analysis box for this adjustment.
d. What will be the balance of each of these three accounts on the adjusted trial balance?

Equipment 9,000 Accumulated Amortization, Equipment Amortization Expense, Equipment 2,000

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