At the end of its first year, a tabular summary of transactions for Blossom Company before...

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At the end of its first year, a tabular summary of transactions for Blossom Company before adjustments include the following selected account information. Depreciation for the year is estimated to be $2,475. Record the adjustment for depreciation in the tabular summary and indicate the adjusted balance in each account. Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses. Increases in expenses require a negative sign or parentheses. Increases in Accumulated Depreciation require a negative sign or parentheses. Assets Equipment Accum. Depr.-Equip. Bal. 19,800 0 Dec. 31 Adj. Bal. Liabilities Com. Stock At the end of its first year, a tabular summary of transactions for Blossom Company before adjustments include the following selected account information. Depreciation for the year is estimated to be $2,475. Record the adjustment for depreciation in the tabular summary and indicate the adjusted balance in each account. Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses. Increases in expenses require a negative sign or parentheses. Increases in Accumulated Depreciation require a negative sign or parentheses. Assets Equipment Accum. Depr.-Equip. Bal. 19,800 0 Dec. 31 Adj. Bal. Liabilities Com. Stock