Select the correct entry to adjust the unadjusted trial balance for depreciation expense. Select one: O a. Debit to Depreciation Expense and a Credit to Accumulated Depreciation O b. Debit to Equipment and a credit to accumulated depreciation O . Debit to Accumulated Depreciation and a credit to Depreciation Expense O d. Debit to Cash and a Credit to Accumulated Depreciation

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter4: The Adjustment Process
Section: Chapter Questions
Problem 14MC: What adjusting journal entry is needed to record depreciation expense for the period? A. a debit to...
icon
Related questions
Topic Video
Question
Select the correct entry to adjust the unadjusted trial balance for
depreciation expense.
Select one:
O a. Debit to Depreciation Expense and a Credit to Accumulated Depreciation
O b. Debit to Equipment and a credit to accumulated depreciation
O c. Debit to Accumulated Depreciation and a credit to Depreciation Expense
O d. Debit to Cash and a Credit to Accumulated Depreciation
Transcribed Image Text:Select the correct entry to adjust the unadjusted trial balance for depreciation expense. Select one: O a. Debit to Depreciation Expense and a Credit to Accumulated Depreciation O b. Debit to Equipment and a credit to accumulated depreciation O c. Debit to Accumulated Depreciation and a credit to Depreciation Expense O d. Debit to Cash and a Credit to Accumulated Depreciation
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Depreciation Accounting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Quickbooks Online Accounting
Quickbooks Online Accounting
Accounting
ISBN:
9780357391693
Author:
Owen
Publisher:
Cengage
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,