Question: Please solve this problem, Brief Exercise 4-5 At the end of its first year, the trial balance of Rayburn Company shows Equipment $22,000 and zero

Please solve this problem,

Please solve this problem, Brief Exercise 4-5 At the end of

its first year, the trial balance of Rayburn Company shows Equipment $22,000

Brief Exercise 4-5 At the end of its first year, the trial balance of Rayburn Company shows Equipment $22,000 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be $2,750. Prepare the adjusting entry for depreciation at December 31. (Tf no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Date Account Titles and Explanation Credit Dec. 31 SHOW LIST OF ACCOUNTS LINK TO TEXT INTERACTIVE TUTORIAL Post the adjustments to accounts. (Post entries in the order of journal entries presented in the previous part. Depreciation Expense Accumulated Depreciation-- Equipment

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