Sheridan Company purchased equipment for $7190 on December 1. It is estimated that annual depreciation on the equipment will be $1560. If financial statements are to be prepared on December 31, the company should make the following adjusting entry:     Debit Depreciation Expense, $5630; Credit Accumulated Depreciation, $5630.   Debit Equipment, $7190; Credit Accumulated Depreciation, $7190.   Debit Depreciation Expense, $1560; Credit Accumulated Depreciation, $1560.   Debit Depreciation Expense, $130; Credit Accumulated Depreciation, $130.

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