ment CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 4-06 At the end of its first year, the trial balance of Sheridan Company shows Equipment $21,100 and zero balances in Accumulated Depreciation Equipment and Depreciation Expense. Depreciation for the year is estimated to be $4,700. Your answer is partially correct. Try again. Prepare the annual adjusting entry for depreciation at December 31. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec 31 Service Revenue 21100 Income Summary 21100 SHOW LIST OF ACCOUNTS Your answer is partially correct. Try again. Post the adjustments to T-accounts. (Post entries in the order of journal entries presented in the previous part.) Depreciation Expense 7:26 AM 6/24/2020 Your answer is partially correct. Try again. Post the adjustments to T-accounts. (Post entries in the order of journal entries presented in the previous part.) Depreciation Expense X Op. Bal. 21100 Accumulated Depreciation Equipment X 4700 Op. Bal. 12/31 Bal. 21100 SHOW LIST OF ACCOUNTS Your answer is partially correct. Try again. Indicate the balance sheet presentation of the equipment at December 31. Sheridan Company Partial Balance Sheet X Your answer is partially correct. Try again. Indicate the balance sheet presentation of the equipment at December 31. Sheridan Company Partial Balance Sheet Less Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS Question At