Question $11$

$2\mathrm{.}63157$ points

$5$ave Ans

Hardy Company purchased a computer for $$6,000$ on December $1.$ It is estimated that annual depreciation on the computer will be $$2,400.$ If financial statements are to be prepared on December $31,$ the company should make the following adjusting entry:

Debit Depreciation Expense, $$2,400$; Credit Accumulated Depreciation $$2,400$

Debit Depreciation Expense, $$200$;; Credit Accumulated Depreciation $$200$

Debit Depreciation Expense, $$4,800$; Credit Accumulated Depreciation $$4,800$

Debit Office Equipment, $$6,000$; Credit Accumulated Depreciation $$6,000$