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Adjustment for Depreciation The estimated amount of depreciation on equipment for the current year is $1,550....

Adjustment for Depreciation The estimated amount of depreciation on equipment for the current year is $1,550. Journalize the adjusting entry to record the depreciation. If an amount box does not require an entry, leave it blank.

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General Journal DEBIT ($) CREDIT ($)
Depreciation Expense            1,550   
Accumulated Depreciation of Equipment            1,550   
(To record depreciation of equipment)

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