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August 27, 2014

Homework Help: Accounting

Posted by jimmy on Tuesday, October 2, 2007 at 8:32pm.

At the end of its first year, the trial balance of Riko Company shows Equipment $20,590 and zero balances in Accumulated Depreciation–Equipment and Depreciation Expense. Depreciation for the year is estimated to be $3,333. Prepare the adjusting entry for depreciation at December 31, and by posting the adjustments to T accounts indicate the balance sheet presentation of the equipment at December 31.
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