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Prepare the t-accounts for each account enter the

Question - At December 31, the unadjusted trial balance of H&R Tacks reports Equipment of $28,000 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the period is estimated to be $5,600.

1. Prepare the adjusting journal entry on December 31.

2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance.

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Accounting Basics: Prepare the t-accounts for each account enter the

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